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TotalEnergies - Angola: Start-up of the New Gas Consortium Quiluma Offshore
Gas Field
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) announces the start of
production from the Quiluma field, in which the Company holds an 11.8%
interest alongside its partners Azule Energy (37.4%, operator), Cabinda Gulf
Oil Company (31%) and Sonangol E&P (19.8%).
This is the first development of a non-associated gas field in Angola and the
gas produced will be a stable and important source of gas supply for the
Angola LNG plant that is delivering LNG to both the European and Asian
markets. At plateau, the project will produce around 330 million cubic feet
per day of gas, equivalent to approximately 2 million tons of LNG per year.
“By ensuring a sustainable long term gas supply for the Angola LNG plant,
the project strengthens Angola’s ability to supply LNG to international
markets in the long run, including Europe and Asia,” stated Mike Sangster,
Senior Vice-President Africa, Exploration & Production at TotalEnergies.
About TotalEnergies in Angola
TotalEnergies has been present in Angola since 1953 and today employs around
1,500 people across different business segments. With a diversified portfolio,
deep offshore operated assets representing more than 45% of the country’s
oil production, service stations in partnership with Sonangol and renewable
energy projects, TotalEnergies in Angola is a key player in supporting the
country’s sustainable energy transition.
About TotalEnergies
TotalEnergies is a global integrated energy company that produces and markets
energies: oil and biofuels, natural gas, biogas and low-carbon hydrogen,
renewables and electricity. Our more than 100,000 employees are committed to
provide as many people as possible with energy that is more reliable, more
affordable and more sustainable. Active in about 120 countries, TotalEnergies
places sustainability at the heart of its strategy, its projects and its
operations.
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Cautionary Note
The terms “TotalEnergies”, “TotalEnergies company” or “Company” in
this document are used to designate TotalEnergies SE and the consolidated
entities that are directly or indirectly controlled by TotalEnergies SE.
Likewise, the words “we”, “us” and “our” may also be used to refer
to these entities or to their employees. The entities in which TotalEnergies
SE directly or indirectly owns a shareholding are separate legal entities.
This document may contain forward-looking information and statements that are
based on a number of economic data and assumptions made in a given economic,
competitive and regulatory environment. They may prove to be inaccurate in the
future and are subject to a number of risk factors. Neither TotalEnergies SE
nor any of its subsidiaries assumes any obligation to update publicly any
forward-looking information or statement, objectives or trends contained in
this document whether as a result of new information, future events or
otherwise. Information concerning risk factors, that may affect
TotalEnergies’ financial results or activities is provided in the most
recent Universal Registration Document, the French-language version of which
is filed by TotalEnergies SE with the French securities regulator Autorité
des Marchés Financiers (AMF), and in the Form 20-F filed with the United
States Securities and Exchange Commission (SEC).
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