Angola LNG has announced the sale of its first condensate cargo from its plant in Soyo, the facility built to create value from Angola’s offshore gas resources.
The first cargo was sold to Sonangol on a Free on Board (FOB) Soyo basis and safely loaded onto the M/T Fortune Victoria tanker.
The company’s press release said that “all LPG and condensate products have been committed for sale to the shareholder affiliates of Angola LNG”.
Commenting on the first condensate cargo Artur Pereira, CEO, Angola LNG Marketing said: “The loading and sale of the first condensate cargo marks a further landmark for Angola LNG. We have now produced and sold all of our different types of product – LNG, LPG, domestic butane, and now condensate.”
Angola LNG Limited is an incorporated joint venture between Sonangol, Chevron, BP, ENI and Total that will gather and process gas to produce and deliver LNG and NGLs. The plant has an expected duration of at least 30 years.