Angola LNG output at 20% of capacity, full run by end of 2014

Production from the $10B Angola LNG project will fall short of design capacity through 2014 after upstream problems including a July rig disaster forced it to bring forward new supplies from other blocks; it's now producing at ~20%.

Angola LNG is operated by Chevron (CVX +0.2%) with a 36.4% stake, while state-owned Sonangol has 22.8%; other stakeholders include Total (TOT), BP and Eni (E).

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Comments (1)
  • doc47
    , contributor
    Comments (1837) | Send Message
    Gee another "rig disaster"!!! "Those who fail to learn from history, are doomed to repeat it..."
    29 Oct 2013, 09:54 PM Reply Like
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