The project shareholders have authorized Angola LNG Limited to proceed with the construction and implementation of the project following receipt of approvals from the Angolan authorities.

The Angola LNG project will process approximately one billion cubic feet of associated gas per day from offshore producing blocks, as well as gas from non-associated gas fields dedicated to Angola LNG Limited.

The offshore gas will be collected and transported to an onshore liquefaction plant to be built near the town of Soyo in the Zaire Province. The plant will produce 5.2 million tons per year of LNG together with related gas liquids products. It will also process and treat up to 125 million cubic feet per day of gas for the domestic market.