Chevron to Supply 600 Million Cubic Feet of Gas Daily to Angola LNG by Year-End | 08-10-2024
Angolan Mining Oil & Gas
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Angola and DRC Forge Enhanced Agreement for Offshore Block 14 Development
Angola’s Ministry of Mineral Resources, Oil and Gas and the Ministry of Hydrocarbons of the Democratic Republic of the Congo (DRC) have signed a revised agreement for the co-development of offshore Block 14. The agreement was formalized during the opening ceremony of the Angola Oil & Gas (AOG) 2024 conference in Luanda on October 2, with Angola’s Minister of Mineral Resources, Oil and Gas…Read the full article
Chevron to Deliver 600 Million Cubic Feet of Gas Daily to Angola LNG by Year-End
Chevron will supply 600 million standard cubic feet of gas per day to the Angola LNG (ALNG) facility by the end of 2024. This development is tied to the Sanha-Lean Gas Connection (SLGC) Project, operated by Chevron’s local subsidiary. The project is set to deliver lean gas to the ALNG onshore plant, with first production expected by Q4 2024. The announcement was made by Billy Lacobie, Managing…Read the full article
Angola Encounters Challenges with Diamond Clients Amid Russian Ties
Angola’s state-owned diamond producer, Endiama, acknowledged that some clients are hesitant to engage due to its partnership with Russia’s Alrosa PJSC. However, the company emphasized that its diamond production is not subject to Western sanctions. Alrosa, the Russian diamond giant, holds a 41% stake in Angola’s Catoca mine and a controlling interest in the Luele mine. Endiama Mining SA, which own...Read the full article
Angola’s Oil Sector to Maintain Dominance Despite Gradual Decline
Angola’s oil sector will continue to dominate the economy over the next decade, despite a gradual decline in its significance, according to Tiago Dionisio, chief economist at consultancy firm Eaglestone. Dionisio pointed out that oil’s contribution to Angola’s GDP has decreased from 43% in 2010 to 25.5% by the end of last year, and this downward trend is expected to continue. However, oil will rem…Read the full article?
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