Angola’s national oil company Sonangol has revealed that the country has proven natural gas reserves of about 4 trillion cubic feet.
Angola, which became the sixth country to join the Gas Exporting Countries Forum in November, earlier this year passed new legislation further committing the country to reforming its hydrocarbons sector.
Angola’s new government is determined to refine terms for its gas-focused developments and increase supply to the domestic market with new legislation, Presidential Decree No. 7/18 (PD 7/18), which is focused on promoting the monetization of the country’s gas reserves.
It currently has one active gas exploration project called Angola LNG, which has an installed capacity of 5.2 million tons per year and a 30-year operating licence.
Angola also exports LNG from the Chevron-operated Angola LNG plant.
Endorsed by the Ministry of Mineral Resources and Petroleum, Africa Oil & Power will organize the first Angola Oil & Gas conference, which will be held on June 4-6, 2019 in Luanda. Registration is now open.