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Chevron's Angola ships first gas

Chevron's Angola ships first gas
The $10bn Angola LNG project has finally shipped its first LNG cargo to Brazil, 18 months behind schedule.

The cargo was sold to project part-owner Sonangol and carried on its 160,500 cu m LNG carrier Sonangol Sambizanga.

A further one or two shipments are planned out of the facility in the next month ahead of safety checks on systems and resumption of exports in the fourth quarter 2013.

Fires, labour shortages, pipeline collapses and falling demand in the wake of US shale gas have all contributed to delays at the 5.2m mt/year project, which is joint owned by Chevron with a 36.4% stake, Sonangol with 22.8% and BP, Eni and Total, each with a 13.6% stake.

"First gas at Angola LNG is an important milestone in support of our strategic plan to grow our production," George Kirkland, vice chairman of Chevron, said in a statement. "This project will commercialise natural gas resources in western Africa to meet growing demand in the region and internationally."

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