Gas Natural and Repsol YPF to Develop Integrated Gas Project in Angola
Posted on: Friday, 7 December 2007, 09:00 CST
Gas Natural and Repsol YPF together with Sonangol Gas Natural, Eni, Galp and Exem have signed a shareholder's agreement that will enable the consortium to take preliminary steps for the development of an integrated gas project in Angola.
The project consists of evaluating the gas reserves so as to subsequently undertake the necessary investment to develop them and, if applicable, export them in the form of liquefied natural gas. The works will start during the first quarter of 2008.
Gas Natural and Repsol YPF, within the framework of their industrial agreement, have a 20% holding in this consortium, while the Portuguese company Galp holds 10%, the Italian Eni 20%, Exem 10% and Sonangol Gas Natural 40%.
Source: Datamonitor
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