Wednesday 22 October 2014

OIL OUTPUT SQUEEZED BY LNG PLANT CLOSURE

The lengthy shutdown of a liquefied natural gas (LNG) plant is helping push Angola’s crude oil exports to their lowest levels since 2006, having clogged offshore platforms with unwanted gas supplies and forced operators to limit extraction.

The major reconstruction required to fix design flaws at the LNG plant and replace nearly-new equipment that has already corroded could keep it shut beyond a planned restart in mid-2015.

Read more @ Businessday

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