Eni, partners take FID on new gas project to supply Angola LNG plant

Italian energy giant Eni and its partners have taken a final investment decision on the Quiluma and Maboqueiro gas project, which will feed the Angola LNG export plant in Soyo.

Other partners in the New Gas Consortium include Chevron’s affiliate in Angola Cabinda Gulf Oil (Cabgoc), Sonangol P&P, BP, TotalEnergies. Angola’s ANPG is also part of the project.

According to Eni, this is Angola’s first non-associated gas development project.

The project includes two offshore wellhead platforms, an onshore gas processing plant and a connection to Angola LNG plant for the marketing of condensates and gas via LNG cargoes.

Eni expects the project will produce 330 mmscf/day, or 4 billion cubic meters/year, at plateau.

Moreover, Eni said project execution activities would start in 2022 with a first gas planned in 2026.

Eni has a 25.6 percent operating stake in the New Gas Consortium, Cabgoc owns 31 percent, Sonangol P&P 19.8 percent, BP 11.8 percent, and TotalEnergies owns 11.8 percent.

As per the Angola LNG plant, Chevron has 36.4 percent stake while Sonangol owns 22.8 percent. Furthermore BP, Eni and Total hold a 13.6% stake, each.

The plant has a treatment capacity of about 353 bcf a year of feed gas and a liquefaction capacity of 5.2 million metric tonnes of LNG.

In March, Eni and BP signed a deal to combine their upstream portfolios in Angola, including all their oil, gas and LNG interests in the country.

Following completion of this transaction, the new JV Azule Energy would take the operatorship of the Quiluma and Maboqueiro gas project, Eni said.

- Advertisements -

Most Popular

Charif Souki steps down as chairman of Tellurian

US LNG firm Tellurian, the developer of the Driftwood LNG export project in Louisiana, said on Friday that its...

QatarEnergy, ExxonMobil expect first LNG from Golden Pass plant in H1 2025

Energy giants QatarEnergy and ExxonMobil are expecting to start LNG production at their Golden Pass LNG export terminal on...

Dynagas FSRU ready to start Stade job

The 174,000-cbm FSRU Transgas Force, owned by Dynagas, has left Germany's Bremerhaven and will now work as an LNG...

More News Like This

BP to develop Indonesian regas terminal

A unit of UK-based energy giant BP is joining forces with Indonesian firm AKR Corporindo to develop a regasification...

Trinidad seals Atlantic LNG restructuring deal with Shell and BP

Trinidad and Tobago has finally signed a restructuring deal with the shareholders of LNG producer Atlantic LNG, Shell, BP,...

Eni nears launch of Congo’s first FLNG project

Eni's Tango FLNG is expected to arrive in Angola's Luanda during the weekend as the Italian firm works to...

Chevron says third Gorgon LNG train returns to full production

The third liquefaction train at Chevron's giant Gorgon LNG plant in Western Australia has returned to full production, Chevron...