Angola LNG project to produce 5 mm tons of gas per year

The Angola LNG project expects to produce 5 mm tons of gas per year, as from 2012, thus enabling the country to profit from the preserving of the environment and use of the fluid for commercial and industrial goals.
Oil minister, Desiderio Costa gave the information in Luanda, whilst presiding over the closing ceremony of the 2nd Deepwater Offshore West Africa (DOWAC) Exploration and Production Conference and Exhibition. The official defended the steady reduction of gas burning resulting from oil exploration as the priority of the Angolan government. In this aspect, he also defended the total elimination of gas burning, through its use for industrial and domestic aims until 2010.

Minister Desiderio Costa referred that future challenges of the sector are enormous, demanding the implementation of better planned strategies, considering the evolution of the oil and gas sector in the African continent. To achieve this goal, he considered essential the need for African oil producers to capitalise the experiences acquired by national firms, turning them into autonomous operators, leading contractors and those participating in the whole oil business chain.
Simultaneously to the conference, an exhibition was held to witness the development of main actors of the petroleum industry and of some national universities (Agostinho Neto, Lusiada, Private, Jean Piaget and Independente Universities).

Sonangol and the Oil Ministry, in partnership with some operating companies and of providing services and contractors, technically and professionally supported the conference, co-ordinated by an International Steering Committee.
The Cabinet Council approved, in its session of 13 June 2007, a memorandum of understanding between the Angolan Oil Ministry and the Ministry of Trade, Industry and Energy of South Korea for join activities in the fields of oil and gas exploration.