Azule Energy’s Executive President, Adriano Mongini, has revealed that the newly formed gas consortium, including Azule Energy, BP, and Eni, will begin gas production in July 2026.
This announcement was made during the groundbreaking ceremony for the New Gas Consortium (NGC) facilities in Soyo, Zaire province.
The gas project’s major stakeholders are Azule Energy with a 37.4% stake, CABGOC (Chevron) with 31%, Sonangol with 19.8%, and TotalEnergies with 11.8%.
The consortium’s investment is valued at $2.2 billion, with half of the investment allocated to projects within Angola.
The production target for this venture is 350 million cubic feet of gas per day, to be supplied to Angola LNG, set to commence operations in July 2026.
Additionally, Azule Energy plans to initiate the drilling of Angola’s first gas exploration well next year, which is expected to unlock vital gas reserves for the country.
Mongini also highlighted the potential impact of Angolan gas on other industries, such as petrochemicals and fertilizer production, emphasizing its role in job creation.
The NGC project encompasses two offshore platforms, Quiluma and Maboqueiro, an onshore gas processing facility, and a connection to the Angola LNG plant, secured through a 25-year contract.
The project site, covering 8,000 square meters in the shallow areas of Soyo, is located 40 kilometers from Luanda’s northern coast and comprises 13 gas wells on two offshore platforms and onshore installations. The development is managed by SAIPEM, with subcontractors including Construsoyo, Teena Mota-Engil, and TOC.
