Angola’s natural gas resources have been estimated at a staggering 95 trillion cubic feet, with 35.74 trillion cubic feet already discovered and the remaining resources awaiting exploration.
José Barroso, Secretary of State for Oil and Gas, revealed this during the handover of the Quiluma platform to a consortium of oil companies, including Azule Energy, Total Energy, Chevron, and Sonangol Energy.
The country’s natural gas reserves were previously estimated at 5.8 trillion cubic feet in 2023, but the continuous expansion of oil production has led to an increase in natural gas production, currently standing at 2.7 billion cubic feet per day.
The Quiluma platform, located in Zaire Province, has a processing capacity of 1.075 billion cubic feet per day and a production capacity of 5.2 million metric tons of liquefied natural gas and other by-products.
Barroso emphasized the need for strategic, efficient, and responsible management to ensure the sustainable use of this non-renewable resource and promote the well-being of the population.
Angola’s natural gas market has enormous potential, with possibilities for use in liquefied natural gas (LNG), liquefied petroleum, and electricity generation.
The government-approved plan in 2024 aims to establish an investment strategy for projects using natural gas and guarantee energy sustainability at a low cost by replacing more polluting fuels in electricity generation.
Source: https://energynewsafrica.com
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