Angola’s New Gas Consortium Reaches FID on Q&M Gas Project

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Italian oil and gas company Eni and its partners in the New Gas Consortium (NGC), together with Angolan concessionaire and regulator, the National Agency for Oil, Gas & Biofuels, has reached a Final Investment Decision (FID) for the Quiluma and Maboqueiro (Q&M) gas project in Angola. With commencement of activities expected this year and first gas planned for 2026, the Q&M gas project comprises two offshore wellhead platforms, an onshore gas processing plant and a connection to the Angola Liquefied Natural Gas (LNG) plant, with an expected production rate of four billion cubic meters of gas per year.

Gas from the Q&M project will facilitate the reliable flow of gas to the Angola LNG Plant and allow the southern African country to take advantage of underdeveloped sources of energy, thus fostering continued socioeconomic development. 

The NGC is comprised of operator, Eni (25.6%); multinational energy corporation Chevron’s Angolan affiliate, Cabinda Guld Oil Company Limited (CABGOC) (31%); Angolan parastatal, Sonangol P&P (19.8%); and oil and gas supermajors, bp (11.8%) and TotalEnergies (11.8%).

The Angola LNG Plant, located in Soyo, in the Zaire Province, has a treatment capacity of approximately 353 billion cubic feet of feed gas and a liquefaction capacity of roughly 5.2 million tons of LNG per year, with interest in the plant held by Eni (13.6%), CABGOC (36.4%), Sonangol (22.8%), bp (13.6%), and TotalEnergies (13.6%).

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ANGOLA OIL & GAS 2022

Representing the country’s official energy event, AOG 2022, in partnership with the Ministry of Petroleum and Mineral Resources of Angola, will take place in Luanda on 29-30 of November and December 1st, 2022.

ANGOLA OIL & GAS 2022

Representing the country’s official energy event, AOG 2022, in partnership with the Ministry of Petroleum and Mineral Resources of Angola, will take place in Luanda on 29-30 of November and December 1st, 2022.

Matthew Goosen

Matthew Goosen

Matthew Goosen is a Video Editor and Content Writer at Energy Capital & Power. He holds an Honours Degree in Film and Media Studies at the University of Cape Town and is currently undergoing his Masters Degree. Born in Pretoria and raised internationally, he has been living in Cape Town since 2013.

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