Press ReleaseAzule Energy signs commercial agreements to start gas productionA pioneering project in the Angolan gas industry. Production to start 6 months ahead of plan, with an investment of USD 2.4 billionLuanda, 22 November 2024 – The National Agency for Petroleum, Gas and Biofuels (ANPG), Azule Energy Angola B.V. (Azule Energy), as operator and partners in the New Gas Consortium (NGC) — CABGOC, Sonangol E&P, Azule Ltd and TotalEnergies — signed a Risk Service Agreement and all Auxiliary Commercial Agreements to expedite gas production in Angola.With progress approaching 50%, the project is significantly ahead of schedule with start-up potentially anticipated 6 months earlier than originally planned, to early 2026.Adriano Mongini, Azule CEO stated: "We are proud to announce this major development, which reflects our strong commitment in enhancing the country's position as a top gas producer."Azule Energy, as the operator of the NGC, together with Azule Ltd, hold a 37.4% interest. The remaining partners are CABGOC (31%), Sonangol E&P (19.8%), and TTE (11.8%).About Azule EnergyAzule Energy is an international energy company based in Angola. With a daily production of approximately 220,000 barrels of oil and over 2 billion barrels of resources.Corporate communications:(+244) 923184155email: media@azule-energy.comWeb: www.azule-energy.com
Greater PAJ first cut
The first steel cutting ceremony for the Greater PAJ FPSO topside process modules was held at Haiyang CIMC Raffles’ Haiyang yard in China, officially marking the start of the topside construction phase of this strategic project for Angola’s offshore energy sector.
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