Continental Focus, International Reach

ANGP to Establish Oil Consortium for $2 Billion LNG Project

Wednesday, November 6, 2019

According to reports coming out of Africa Oil Week being held in Cape Town, South Africa, Angola has formed a consortium with five international oil companies including ENI and Chevron to develop liquefied natural gas (LNG) for its Soyo plant, the newly formed National Agency for Petroleum, Gas and Biofuels, or ANGP, said.

Reuters reporting cites an ANGP spokesman as saying the consortium’s project will have an initial cost of $2 billion, with an aim to start production by 2022.