Cape Town, South Africa| – Angola LNG said Tuesday it has sold its first condensate cargo from its LNG export plant in Soyo to state-owned Sonangol.
The cargo was sold to Sonangol on a FOB Soyo basis and loaded onto the T-Fortune Victoria tanker. All condensates, LPG and butane from the $10 billion project have been committed for sales to shareholder affiliates of Angola LNG.
“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 Marketing CEO Artur Pereira said in a statement.
At full production the plant will be able to supply 5.2 million mt/year of LNG, in addition to butane, LPG and condensates products. It delivered its first cargo of LNG in June 2013 to Brazil’s Petrobras, and its first butane cargo to Sonangol in March 2014.
Angola LNG is a partnership of Chevron (36.4%), Sonangol (22.8%), BP (13.6%), Italy’s Eni (13.6%) and France’s Total (13.6%).