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Press Release
Angola LNG – Meeting the Needs of Angola’s energy demand
Angola LNG loads its 100th Refrigerated Butane Cargo to support the local Angolan energy needs.
9
November 2023
A SIGNIFICANT MILESTONE FOR ANGOLA LNG
Angola LNG’s Lobito vessel berthed at Soyo terminal to load the project’s 400th LNG cargo on the 13th June 2023.
The project’s 400th LNG cargo represents a significant milestone for Angola LNG and coincides with the 10th anniversary since the first cargo of LNG was shipped and delivered safely to Brazil in 2013. Angola LNG has demonstrated that it is a reliable and competitive supplier of liquefied natural gas to the global market.
The strategic geographical location of our plant in Soyo, Angola, one of the world’s most modern LNG processing facilities, enables Angola LNG to conveniently transport gas safely and economically to a variety of locations. Historically, India has been our most important market and, over the last few years, approximately60%of our LNG Cargoes have gone to this market. More recently, and for much of 2022, Europe has been an increasingly important market.
Angola LNG supplies buyers through spot sales and a portfolio of mid-term sales comprised of a variety of different counterparties. Angola LNG takes pride in its flexible and adaptable business model along with its associated implementing strategy that allows it to respond to the changing needs of the LNG Global market that constantly adapts to the current world socio-economic context, and new market trends to meet future initiatives or developments.
A spokesperson for Angola LNG said:
“Angola LNG is recognised worldwide for its reliability and professionalism. Its strong reputation is a product of the hard work and determination of those involved. We celebrate the loading of our 400th LNG cargo and 10thanniversary of shipping our first cargo. Throughout this period, we have stayed committed to a culture of safety and teamwork and we are proud of our reputation as a valuable community partner and a role model for sustainable development in Angola.”
As a trusted partner to our buyers, Angola LNG is playing its part in unlocking gas reserves to provide clean and reliable energy, connecting resources with the right markets to help meet world wide energy demands.
***Notes for Editors
To celebrate ten years of service, Angola LNG is sharing ten facts about the project:
1. At $12bn, the Angola LNG project, built to create value from offshore gas resources, is one of the largest ever single investments in the Angolan oil and gas industry and the sale of gas has promoted economic growth in Angola.
2. Angola LNG built one of the world’s most modern LNG processing facilities, the world’s only plant operating entirely from associated gas from offshore oil blocks, located 350km north of Luanda in Soyo, at the mouth of the Congo River.
3. Angola LNG has delivered 400 LNG cargoes. Our cargoes have been delivered to about 30 countries worldwide and have covered more than 2,800,000 nautical delivery miles.
4. India has been our most important market and, over the last few years, approximately 60% of our LNG Cargoes have gone to this market. More recently, and for much of 2022, Europe has been an increasingly important market.
5. Angola LNG maintains an annual environmental and social programme fund. $590 million has been invested in the local community of Soyo and Zaire province since 2013.
6. Angola LNG cares for the environment. Through our operations we have improved the quality of air through the elimination of gas flaring and by reducing emissions and greenhouse gases.
7. We undertake a wide range of projects that protect and enhance indigenous ecosystems, for example through our mangrove restoration, sea turtle and Giant Black Sable antelope protection programmes.
8. We invest in education and young people. Angola LNG’s investment contributed towards building a multipurpose facility complete with library, laboratories, 12 new classrooms and sports and play facilities providing for over 1,200 children at the Bairro da Marinha School, and our pioneering ‘Little Stars’ project transforms the lives of children through the power of sport and art.
9. We invest in Infrastructure. The construction of local roads and bridges; a new power plant; upgrades to the airport’s infrastructure; investment in social housing; and upgrades to the Soyo Municipal hospital in collaboration with local authorities and partners, provide the foundation for the development of training programmes for local people.
10. We invest in Community Engagement. Angola LNG facilitates partnerships between entrepreneurs and the local community with the objective of aiding the growth of small businesses. The N’Tempo project empowers women by teaching them valuable skills so they can improve their lives and contribute to the economy; and Angola LNG has supported local fishermen with the provision of equipment so that they can operate safely and effectively at sea.
