(b) the regulation and implementation of the block delimitation procedure for the purpose of granting research, exploration and production activities; Changes are expected in the near future, as the creation of a national oil agency will occur. Until now, Sonangol, as a national oil and gas company and strategic public company, may be associated with domestic or foreign investors of proven technical and financial quality and capacity, subject to prior government approval, and for natural gas extraction matters, this association may take one of the following forms: a commercial enterprise, a consortium contract or a production sharing contract or a production sharing contract. African Law and Economy / ALC Advogadoswww.africanlawbusiness.com/publications/oil-and-gas-regulation/oil-and-gas-regulation-2018/angola/q-and-aFTL Advogadosgettingthedealthrough.com/area/24/jurisdiction/151/oil-regulation-angola VdA Legal Partnerswww.vda.pt/xms/files/v1/Newsletters/2018/Flash_VdA_Legal_Partners_-_Angola_-New_Rules_for_oil_industry_Public_Tenders_and_Procurement_of_Supplies-Services.pdf U.S. Census Bureauwww.census.gov/foreign-trade/balance/c7620.html For more information, please contact:Cleméncia NogueiraCommercial SpecialistU.S. Angolaemail commercial service: Clemencia.Nogueira@trade.govPhone: (244) 222 641 076 | The most common form of association is the production sharing contract. MIREMPET is the state branch responsible for regulatory policy on the production, transmission, distribution and supply of natural gas, as well as the authorisation and control of drilling and production activities. In order to increase oil and gas production in Angola, a new concession strategy for the period 2019-2025 was approved by Presidential Decree 52/19 of 18 February. The Angolan government is working to engage more U.S. companies to compete for multi-billion dollar projects, including oil and gas exploration and development, transportation and storage of petroleum products, refining and related infrastructure. Gas exploration and production: the natural gas industry needs considerable investment to fully exploit its economic potential. The 2018 Gas Act will provide a framework for maximizing the value of Angolan gas, given that Angola has clearly proven natural gas reserves. Most of the country`s natural gas production is related to oil.

If natural gas is not burned or re-injected into wells, it feeds the Angolan LNG facility in Soyo. The LNG facility is a gas storage and processing facility that is expected to receive 1 billion cubic feet of natural gas per day. However, the company produces well below its capacity of 5.2 million tonnes per year, as gas supply to offshore oil deposits by pipeline is lower by pipeline under the Congo River.