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%).
