(Ecofin Agency) - Angola's liquefied natural gas (LNG) export plant is currently facing a setback in the boosting of output and shipping of cargoes. The plant was shut down in April 2014 after construction mistakes and difficulty in controlling feed gas deliveries. Efforts have been made to restart the plant in January this year.
Trade sources said they had been informed by Angola LNG that first cargo will be loaded on May 15, 2016 to be followed by a supply tender in June but both have now been adjourned due to the faults.
According to the sources, the plant is expected to begin temporary production by May, ending and ship its first cargo in June. After producing a small number of cargoes, Angola LNG will be shut down again for further testing.
Currently, the Sonangol Sambizanga LNG tanker anchored at Angola LNG’s jetty, is only performing tests and not loading supply, the source added.
Chevron holds a 36.4% in the plant, alongside Sonangol with 22.8%. Other investors include Total, BP and Eni, Reuters reports.
Anita Fatunji