Angolan gas legislation waits on cabinet approval
Large gas finds and falling oil production are driving Angola to develop a framework for gas exploration and production Large gas finds and falling oil production are driving Angola to develop a framework for gas exploration and production.
20 February 2018
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Angolan President João Lourenço at his inauguration ceremony in September 2017. (PA)
An inter-ministerial group led by Angola’s new mineral resources and oil minister, Diamantino Azevedo, is set to approve proposed gas laws that will open up the country’s upstream sector for new development before the end of the year, sources have told Interfax Natural Gas Daily.
Angola, which vies against Nigeria for the title of Africa’s top oil producer, has never developed a framework for gas ownership and production despite abundant reserves of the fuel. But several recent discoveries of both associated and non-associated gas – combined...
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