ANGOP - Angola Press News AgencyANGOP - Angola Press News Agency

Go to homepage



Home » News » Economy

Mon, 28 Oct 2019 17:13 - Updated Mon, 28 Oct 2019 17:13

Agreement enables production of 420 million cubic feet of gas

Luanda - The National Petroleum, Gas and Biofuels Agency (ANPG) and five oil companies signed on Monday, in Luanda, two agreements for exploration, development and production of natural gas and cost sharing, which is expected to produce about 420 million cubic feet of gas / day as from 2022.

Send by email

To share this news by email, fill out the information below and click Send


To report errors in the texts of articles published, fill out the information below and click Send

Angola LNG plant

Photo: João F. Cuti

The project, valued at US $ 2 billion, foresees the exploration and development of natural gas resources, which will be made in blocks 1, 2, 3, 14 and 15 and aims to close the decline in gas supply to the Angolan plant, LNG, located in northern Zaire province.

The two protocols were signed by the chairmen of ANPG's board of directors, Paulino Jerónimo of Sonangol Research and Production, Ricardo Van-Desta, the directors of ENI companies, Andrea Giaccardo of BP Stephen Wills of Total, Olivier Juony, Angola LNG, Amadeu Azevedo and Chevron's, Darek Magnes.

Currently gas production in the country, through Angola LNG, fluctuates between 800 and 900 million cubic feet / day, and from 2022 with the start of operation of this consortium, could increase up to half of this production.

In the consortium, Chevron owns 31 percent, BP 11.8 percent, Total 11.8 percent ENI 25.6 percent and Sonangol PP 18.8 percent.

At the ceremony, Minister of Mineral Resources and Oil, Diamantino Azevedo, considered necessary for the success of natural gas, knowledge of natural gas, appropriate legislation for its promotion and support to Angola LNG for the promotion of this national industry.

Tags Gás   Petróleos  

Read also
  • 23/10/2019 09:29:52

    Soyo Refinery presented to investors in Dubai

    Luanda - The Ministry of Mineral Resources and Oil (MIREMPT) carried out last Tuesday, in Dubai, its second technical presentation (Road show) of the Soyo Refinery project to be implemented in the northern Zaire Province.

  • 11/10/2019 12:10:17

    Soyo's oil refinery to produce 100,000 barrels day

    Luanda - Angola, a major oil producer in Africa, on Thursday kicked off a roadshow in Luanda to introduce a construction project of an oil refinery in Soyo City, northern Zaire Province.

  • 09/10/2019 13:27:11

    Sonangol and TOTAL seek creation of joint venture

    Luanda- Angola’s state-owned oil firm Sonangol and French TOTAL intend to create a joint venture to operate in the distribution and trade of crude oil byproducts, as well as in the production of solar energy.