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Africa Oil & Gas: Angola’s natural gas reserves estimated at 4 trillion cubic feet
Angola’s proven natural gas reserves are around 4.0 trillion cubic feet (113.267 billion cubic metres), a technical official at Angola’s national oil and gas company Sonangol said on Friday in Luanda.
Sonangol engineer Sandra Moreira, speaking about “Investment in natural gas” at the 4th International Oil Conference, which ended on Friday in the capital city, also drew attention to potential reserves in oil exploration projects that are considered marginal.
The only project to explore natural gas deposits in the country is that of Angola LNG, in block 14, which began operating in 2013 with a 30-year operating horizon.
Angola LNG is an integrated project for making use of natural gas, with a processing unit, a maritime terminal and loading facilities, as well as the possibility of developing non-associated gas.
Angola LNG’s natural gas processing and liquefaction plant is located in Soyo, Cabinda province, with an installed capacity of 5.2 million tons per year.
This project is led by the US group Chevron (36.4%), with Sonangol, with 22.8% and BP, Italy’s ENI and France’s Total, with 13.6% each, as the remaining partners. (source: macauhub)