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Article: Chevron Announces Green Light for Angola LNG Project.
- Article from:
- PR Newswire
- Article date:
- December 10, 2007
CopyrightCOPYRIGHT 2007 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Project Sponsors Make Final Investment Decision on Cornerstone Project
SAN RAMON, Calif., Dec. 10 /PRNewswire-FirstCall/ -- Chevron Corp. today announced that the investors in the Angola liquefied natural gas (LNG) project have agreed to move the project forward to the construction phase. Cabinda Gulf Oil Company Limited, a wholly owned subsidiary of Chevron, has a 36.4 percent interest in Angola LNG Limited, which has entered into an investment contract with the Angolan government and Sonangol to develop the project. Other Angola LNG Limited shareholders are Sonangol with 36.4 percent interest and BP and Total, each with 13.6 percent interest.
The ...