$12-Billion Angola LNG Project Plans Expansion as Gas Supply Rises

Expected additional natural gas supplies over the next year have prompted the consortium operating the decade-old Angola LNG project to consider expansion with a new processing unit, company executives have told Reuters. The Angola LNG project was commissioned more than 10 years ago after $12 billion of investments by a large group of companies.

This sum is one of the largest ever single investments in the Angolan oil and gas industry. Angola LNG is the result of a partnership between Angola’s state firm Sonangol, Chevron, TotalEnergies,…