CAPE TOWN, Nov 8 (Reuters) - Angola Liquefied Natural
Gas (ALNG) is considering future expansion options including
adding a mini train of three million metric tons a year, as new
gas supplies to the plant ramp up over the next 12 months,
energy executives told Reuters.
Extra supplies expected from Chevron ( CVX ) by year-end and
the New Gas Consortium by the end of 2025 will help to take the
plant to full capacity for the first time.
Africa's second-largest crude producer plans to pivot more
towards natural gas to capture growing demand in key markets in
Europe and Asia.
Angola LNG plant, commissioned more than a decade ago at a
cost of $12 billion, has been running below its nameplate
capacity for years as gas production fell at the mature fields
supplying the facility.
Current supply averages about 700 million standard cubic
feet a day (scf), or 70% of operating capacity, government
officials said.
New Gas Consortium, a gas project operated by the Azule
Energy partnership between BP and Eni is
expected to start production at the end of next year, six months
earlier than initially planned, said Azule CEO Adriano Mongini.
The additional supplies from the project will allow ALNG to
run at full capacity, with more feedstock anticipated from
Angola's first gas specific exploration well to be drilled early
next year, he said on the sidelines of an African energy
conference in Cape Town.
"Angola LNG is already thinking about this expansion, if
it's a mini train or one additional train, so there are many
ways to do it," Mongini told Reuters.
Angola LNG, which includes Chevron ( CVX ), TotalEnergies
and Sonangol as stakeholders, is designed for a single train of
5.2 million tons a year.
The managing director of Chevron's ( CVX ) Southern African
business, Billy Lacobie, said it supported efforts to maximise
LNG exports and support the domestic market.
Chevron's ( CVX ) Sanha Lean Gas Connection will increase ALNG
utilisation and supply gas for 15 years by filling about 40% of
the plant from the end of 2024, an ALNG spokesman said.
Angola's recently released 25-year gas master plan signalled
ambitions to develop more than 40 gas fields and said that the
country has 38 trillion cubic feet (tcf) of discovered gas and
another 56 tcf of prospective resources.