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Chevron's Angola LNG Makes First Shipment with an Eye on Asia


Industry Segment: Production | Word Count: 224 Words

JOHANNESBURG--June 19, 2013--Written by Richard Finlayson, Senior International Editor for Industrial Info Resources (Sugar Land, Texas)--The first shipment of liquefied natural gas (LNG) from Chevron's (NYSE:CVX) (San Ramon, California) new, $10 billion Angolan LNG plant and terminal has been sent to Angola's state-owned energy utility Sonangol E.P. The shipment follows a long buildup and delays caused by skilled labor problems, fires at the plant, and a squeeze on demand due to the U.S. shale gas boom.

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