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Angola’s US$2.2B New Gas Consortium Ahead of Schedule

Angola’s US$2.2B New Gas Consortium Ahead of Schedule

Angola’s inaugural non-associated gas initiative, the New Gas Consortium (NGC), is progressing ahead of schedule, with production now anticipated to commence by the end of 2025, six months earlier than initially planned.

Spearheaded by Azule Energy—a joint venture between BP and Eni—the NGC focuses on the development of the Quiluma and Maboqueiro gas fields. The project encompasses the construction of two offshore wellhead platforms, an onshore gas processing plant, and a connection to the Angola LNG plant. Upon completion, it is expected to produce approximately 9.35 million cubic meters (330 million cubic feet) of gas per day.

The NGC represents a significant milestone in Angola’s energy sector, marking the country’s first venture into non-associated gas production. This development is poised to enhance Angola’s role as a global LNG exporter and contribute to the nation’s energy diversification efforts.

In addition to the NGC, Angola LNG is exploring expansion options, including the addition of a mini train with a capacity of three million metric tons per year, to accommodate the anticipated increase in gas supplies.

The NGC is a collaborative effort involving several stakeholders:

•Azule Energy: 37.4% interest

•Cabinda Gulf Oil Company Limited (CABGOC): 31%

•Sonangol Pesquisa e Produção S.A. (Sonangol P&P): 19.8%

•TotalEnergies EP Angola Développement Gaz: 11.8%

The total investment for the project is estimated at $2.2 billion, with approximately $1 billion allocated to local content through the contracting of services and materials within Angola.

This advancement underscores Angola’s commitment to bolstering its energy infrastructure and capitalizing on its natural gas resources to drive economic growth and energy security.

Further Africa

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