Angola LNG 'Ready in 2012'

摘要

Angola's first LNG plant should be ready to start exporting gas in the first quarter of 2012, the director of the project reiterated Monday, despite higher-than-expected costs. "The project is on track," Daniel Rocha, director of Angola LNG, told Reuters. Chevron, Total, BP and Eni have agreed to build the terminal with state Sonangol, taking a final investment decision in December 2007. Rocha said the cost of building the plant - now put at $8 billion-$10 billion - was higher than initial forecasts of $4 billion because it is being built in a remote area and construction began when oil prices were high. But Rocha said the recent downturn in material and construction costs could cut costs.