Overview

Angola has the second-largest gas reserves in sub-Saharan Africa after Nigeria, but its lack of a domestic market means gas has traditionally been used for re-injection or flared. With support from the World Bank Global Gas Flaring Reduction (GGFR) partnership an LNG liquefaction plant was built to make use of the gas and avoid flaring.

Chevron ia a major shareholder and participant in the $10 billion LNG project. It has been involved in Angola's oil and gas industry since the 1950s and holds significant oil and gas assets in the country. Despite involvement from an international oil major the facility suffered numerous delays delivering its first cargo in June 2013.

Angola flared approximately 4.1 billion cubic metres in 2011, according to the World Bank. This should decline as Angola LNG receives 18.3 million cubic metres per day of associated gas from offshore fields. The lack of a domestic market makes any other gas projects in the near term unlikely.

Page updated: 17/07/2014