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Angola to produce non-oil gas in 2025

The project, which will be developed by the consortium made up of operators Sonangol, Azule Energy, TotalEnergies and Cabinda Gulf, will allow the creation of 400 new jobs, during the construction phase of the respective platforms, as well as 300 other jobs, during the construction of the onshore gas processing plant, in the municipality of Soyo (province of Zaire).

In addition, the New Gas Consortium plans contributions to social projects of approximately two million dollars per year, from the start of production until the end of the concession's production period in 2056, according to Diamantino Azevedo.

To begin exploration activities in the fields called “Quiluma” and “Maboqueiro”, the National Agency for Oil, Gas and Biofuels (ANPG) and the NCG signed on Friday, in Luanda, the Risk Service Contract, assessed to approximately four billion US dollars to cover investment and operating costs throughout the life cycle of the first project of its kind in the country.

On the occasion, Minister Diamantino Azevedo considered the production of gas not associated with oil as an important step in achieving the objectives defined by the Angolan Executive, with emphasis on attracting investments, valorizing the economy and the significant contribution to GDP growth.

He also highlighted the project as historic in the gas sector, as it coincides with the celebrations of 50 years of national independence, which will be celebrated on November 11, 2025.

Par Le360 Africa (with AFP)

11/24/2024 at 4:29 p.m.

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