$2 billion! Angola and five international oil company invest in the construction

Angp, Angola's new national oil, natural gas and biofuels agency, said it had formed a consortium with five international oil companies, including Eni and Chevron, to build a Soyo LNG plant in Angola During the African oil week meeting in Cape Town, a spokesman for angp said that the initial investment of the joint project was $2 billion, and it is planned to be put into production in 2022 Eni will be the operator of the project, and each member will share the cost according to the shares. Chevron will hold 31% of the company, Eni 25.6%, Sonangol 19.8%, a total of 11.8%, BP 11.8% the design capacity of Soyo LNG plant is 1.1 billion cubic feet of natural gas per day, with an annual production capacity of 5.2 million tons, as well as natural gas, propane, butane and condensate.