AGP Executive Report
Last update: 10 hours agoOil & Gas Appraisal: Sonangol and ANPG say the Katambi-2 appraisal well offshore Angola (Block 24, Benguela Basin) hit two productive intervals, confirming high-quality non-associated gas; initial tests reported 41 MMscfd gas and 1,160 b/d condensate with no water or H2S, and a potential to exceed 100 MMscfd. Regional Rail & Trade: The DRC approved a draft deal with Mota-Engil Africa to modernise the Dilolo–Sakania line under a US$1.258bn programme (1,004.5km), linking mining regions to the Lobito Corridor toward Angola’s coast. LNG Market Signals: An Equirus report says India’s May–July LNG imports rose 15% to 7.08 MT, with the US emerging as the top supplier; Angola contributed 0.80 MT, while Qatar’s share fell 91%. Finance for Infrastructure: Africa is urged to unlock domestic capital to close a widening infrastructure funding gap, with banks flagged as constrained by short-term deposits. Energy Diplomacy: South Africa’s Lamola highlighted the need for African control over mineral use and pointed to progress on cross-border payments, including support for Angola’s quasi system. Tech & Data Centres: Raxio appointed Dennis Kahindi as Uganda GM, noting growing demand for secure local hosting across the region, including Angola. US–Angola Security: Luanda hosted the second DEFCOM meeting, with both sides discussing deeper defence cooperation and Angola’s regional security role. Mining Governance: Chinese firms in the DRC rejected claims that cobalt contains excessive uranium after export restrictions aimed at boosting local processing.
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