Project Receives Government Endorsement and Awards Key Preliminary
Development Contracts
LUANDA, Angola, Feb. 8 /PRNewswire/ -- Angola LNG Limited today
confirmed two significant accomplishments in its work with the Government
of Angola to complete the conditions necessary to sanction development of
the Angola LNG Project. Specifically, in January the Minister of the
Ministry of Urbanism and Environment issued the "Licenca Ambiental de
Instalacao" that approves the Environmental, Social, and Health Impact
Assessment (ESHIA). The Council of Ministers also endorsed the enabling
legislation and project agreements necessary to develop the Project and
submitted these to the National Assembly for legislative authorization.
Mr. Manuel Vicente, Chairman of Sonangol EP, expressed his appreciation
to the Angola LNG sponsors for the excellent work that had been developed
and for their continued support of Angola LNG. Mr. Vicente also expressed
the recognition that the Project will bring strategic benefits to Angola as
the largest single investment in country.
Mr. Syanga Abilio, Chairman of Angola LNG, noted the Project continues
to place great importance on stimulating Angola's economy and creating new
employment opportunities for Angolans. Mr. Abilio, on behalf of the
consortium, also expressed satisfaction for the continuous support Angola
LNG had been receiving from the Angola Government.
Angola LNG Limited also confirmed the award of two contracts in its
continuing preliminary development program: a contract for preparation of
the plant site in Soyo, Angola to the joint venture of Boskalis
International BV - Jan de Nul Dredging Ltd, and a contract for advance
engineering and procurement to Overseas Bechtel, Incorporated.
Background
Angola LNG Limited is a venture that is developing an integrated gas
utilization Project encompassing offshore and onshore operations to
monetize gas resources from Blocks located offshore of Angola. The Project
plans to receive approximately 1 BCF/day of associated gas from offshore
oil fields and produce 5 mmt/yr of LNG and related gas liquids products as
well as supply up to 125 mmscf/d for Angola's domestic gas needs. The
Project is expected to facilitate continued offshore oil development while
reducing gas flaring in Angola.
http://www.angolalng.com/project/default.htm
SOURCE Angola LNG Limited
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Related links:
http://www.angolalng.com/
CONTACT:
M. Laurentino Silva, Luanda (+244) 222
392646, Ext. 1935, or Margaret Cooper, Houston, +1-832-854-6239
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