Angola is poised to make a significant leap in its energy sector with plans to commence the production of natural gas independent of oil by 2025.
The landmark initiative, spearheaded by the New Gas Consortium (NGC), was announced by the Minister of Mineral Resources, Petroleum, and Gas, Diamantino Azevedo, on 22 November 2024. This ambitious project marks Angola’s growing role in diversifying energy production and fostering economic growth.
The NGC comprises a formidable alliance of Sonangol, Azule Energy, TotalEnergies, and Cabinda Gulf, with an estimated investment of USD 4 billion to cover the project’s full lifecycle. The focus will be on developing the Quiluma and Maboqueiro gas fields, which include constructing offshore platforms and an onshore gas processing plant in Soyo, Zaire province. This infrastructure is expected to not only drive energy production but also enhance Angola’s technical capabilities in natural gas extraction.
The economic and social benefits of the project are substantial. During the construction phase, it is projected to generate 400 jobs for platform development and 300 for the gas processing plant. Additionally, the consortium has pledged an annual allocation of USD 2 million for social projects throughout the production phase, contributing to local community development until the concession’s conclusion in 2056. These initiatives are anticipated to reinforce Angola’s socio-economic landscape while fostering sustainable growth.
Launching this project on the eve of Angola’s 50th independence anniversary in 2025 underscores its importance as a national milestone. The move positions Angola as a key player in Africa’s natural gas industry, bolstering its energy security and cementing its presence in the global energy market.
As the country leverages this resource to diversify its economy, the NGC project serves as a testament to Angola’s commitment to innovation and progress in the energy sector.
Further Africa
