Page 7 - GLNG Week 26 2022

GLNG COMMENTARY GLNG

plan by obligating NGC to sell future production
from the Kiluma, Maboqueiro, Enguia Norte, investments in related sectors of the Angolan
Atum and Polvo fields to the Angola LNG con- economy.
sortium for processing and export. Currently, For the moment, though, the government
there is no other facility in the country capable appears to be more focused on Angola LNG.
of liquefying or otherwise treating gas. This may be because it has not yet taken all the
steps (or raised the money) necessary to realise
Beyond Angola LNG – eventually its ambitions with respect to the development of
The government does appear to have broader a more extensive value chain, but it may also be
long-term ambitions for gas beyond Angola related to the fact that world gas markets are cur-
LNG. rently in turmoil because of increased European
Barroso told MPs on June 23 that Luanda demand.
hoped to use NGC’s production to supply gas to In other words, Angola does have certain
domestic consumers and achieve self-sufficiency incentives right now to focus on looking for ways
in LPG production. Gas also has the potential to to bolster the gas sector and ensure the LNG
serve as feedstock for petrochemical and fertil- plant’s access to feedstock in order to guard its
iser plants and as a source of fuel for industrial ability to serve European markets in the wake of
facilities and thermal power plants (TPPs), he Russia’s invasion of Europe. But it will also have
said. In turn, he added, all of these industries to invest in local capacity if it wants to make the
and enterprises are likely to have a knock-on shift from export-oriented gas operations to
effect, creating more jobs and attracting more domestic gasification.™

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