Reuters ahead in reporting Angola’s LNG plant faces lengthy closing

Reuters was ahead in reporting that Angola’s liquefied natural gas plant faces major reconstruction to fix design flaws and corrosion of nearly-new equipment, threatening to extend a lengthy closure and pushing unofficial estimates of the project’s cost to at least $12 billion. U.S. oil group Chevron, Angola LNG’s biggest shareholder, acknowledged problems with the export project which began production last year but shut down this April after a series of fires, leaks and mechanical troubles.