Angola energy report

• The "Angola 2025" strategy set an objective of 800 MW of solar and wind in 2025.
• TotalEnergies is the largest oil operator and Chevron the largest gas producer (both with around half of total production).
• In August 2022, BP and Eni combined their businesses in Angola in a 50/50 joint venture, called Azule Energy.
• Angola is the 2^nd largest oil producer in Africa.
• After a very rapid progression until 2020 (~12%/year), electricity production remained stable in 2021.
• Hydropower represents around 70% of the power mix.
• Gas flaring has been drastically reduced.
• Gasoline and diesel prices are among the lowest in Africa, and comparable to Algeria.
• Electricity tariffs are low and do not cover production costs.
• After a peak in 2014, the total energy consumption is fluctuating.
• Biomass still represents around half of this consumption and its share has remained stable since 2010.
• Angola aims to reach 9.9 GW of capacity by 2025 (+4.6 GW) and a 60% electrification rate.
• The country aims to develop several refineries to decrease its dependency on oil product imports.

• Institutions & Energy Policy

  The Ministry of Mineral Resources, Oil, and Gas (MIREMPET) is in charge of the country's oil, gas, and biofuels activities. The Ministry of Energy and Water (MINEA) manages the electricity sector.

• Energy Supply

  Oil:

  Oil production has decreased by 39% since 2015, from 89.5 Mt to 54.3 Mt in 2021. It increased very rapidly as from 2000, reaching its peak level of 96 Mt in 2008 (multiplied by a factor of 2.6) and fluctuated around 80-90 Mt until 2015.

• Energy Prices

  Oil:

  Prices have increased since 2013 in national currency due to recommendations from the IMF to reduce subsidies, which were estimated to cost around 4% of the GDP in 2013. In 2016, prices were readjusted to AOA 160/l for gasoline and to AOA 135/l for diesel. Those prices in local currency remained unchanged until 2022.

• Energy Consumption

  Overall per capita energy consumption is around 0.4 toe. Per capita electricity consumption is approximately 420 kWh (2021).

• Issues & Prospects

  Electricity:

  The Angola Energy 2025 Vision, will seek to expand the electrification rate from 36% to around 60% by 2025 and increase installed capacity from 5.4 GW to 9.9 GW, using up to 60% of hydropower. Under the Angola Energy plan for 2025, the country forecast US$23bn of investments (US$12bn in generation, US$4bn in transmission and US$7.5bn in distribution).

• GENERAL OVERVIEW
• INSTITUTIONS AND ENERGY POLICY
• ENERGY SUPPLY
• ENERGY PRICES
• ENERGY CONSUMPTION
• ISSUES AND PROSPECTS
• DATA TABLES
• ABBREVIATIONS
• GLOSSARY

Download the Table of Contents

Below is a list of the Angola energy market report graphs:

• GRAPH 1: CO₂-energy emissions (MtCO₂)
• GRAPH 2: Installed electric capacity by source (2021, %)
• GRAPH 3: Gross power production by source (TWh)
• GRAPH 4: Power generation by source (2021, %)
• GRAPH 5: Gasoline & diesel prices (US$/l)
• GRAPH 6: Consumption trends by energy source (Mtoe)
• GRAPH 7: Total consumption market share by energy (2021, %)
• GRAPH 8: Final consumption market share by sector (2021, %)

In the Angola energy market report you will find the following tables:

• Economic Indicators: Annual historical data including population, GDP growth, imports and exports, inflation rate, energy security and efficiency indicators, CO₂ emissions.
• Supply Indicators: Historical data including oil and gas reserves, electric and refining capacity, energy production, power production and external trade. All are detailed by energy source.
• Demand Indicators: Historical data including consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source and sector, and electricity consumption by sector.
• Energy Balances: Single table displaying the overall energy industry balance per annum, also graphically displayed by energy sub-segment.
• Infrastructure Projects: Covers power plant projects by energy, technology, status and operator.