Save for later Print Download Share LinkedIn Twitter Angola appears unlikely to capitalize on the opportunities of a tightly supplied global market for the next few years due to a lack of sufficient feedstock gas to operate its sole liquefaction plant at full capacity. The 5.2 million ton per year Angola LNG (ALNG) plant has capacity to process around 1.1 billion cubic feet per day of gas. However, feedstock, which comprises associated gas, has been falling along with oil production from the plant’s main sources of supply. As a result, Angola’s LNG exports have plummeted to 3.77 million tons last year from a recent 4.66 million ton peak in 2020, Kpler data shows. Almost all the cargoes — over 80% — went to Asia last year but in the year to date, Europe has been the preferred destination for almost 70% of its cargoes.
