Consortium to Construct Gas Processing Plant in Soyo
A consortium comprised of ENI, BP, Chevron, Total and Sonangol plans to construct a 400 million cubic feet per day natural gas processing plant in Soyo by the end of the year.
The project – called the ‘New Gas Consortium’– is in its preliminary stage and construction is estimated to take two years. Once construction is complete, the plant will process gas and supply it to Angola LNG and also possibly to Soyo’s combined cycle power plant, which is connected to the national power grid.
Angola LNG will receive the bulk of the gas processed in the new facility and will then export it in liquid form to foreign clients. Angola LNG is comprised by the same partners as the ‘New Gas Consortium’, and manages a $12 billion gas-liquefying facility also located in Soyo. It has been operating since 2013 and has a nameplate capacity of 5.2 million tonnes per year.
Returning for its second year, the Angola Oil & Gas Conference & Exhibition will be hosted in June 16-17, 2020 in Luanda, and will focus on an international investment drive aimed at bringing new deals and signing new entrants into Angola’s oil and gas sector.