BP (BP/ LN) confirms production start up from new gas consortium project in Angola; initial production from Quiluma field expected to be 150mln standard cubit feet per day and rise to 330mmscf/day by year-end

BP (BP/ LN) confirms production start up from new gas consortium project in Angola; initial production from Quiluma field expected to be 150mln standard cubit feet per day and rise to 330mmscf/day by year-end.

BP's confirmation of the production startup from its new gas consortium in Angola indicates a significant supply boost for the market, with initial output set to be notable. This increase could influence pricing dynamics in the energy sector, particularly for gas, as the production ramps up to expected levels by year-end.