2nd
largest crude oil producer in Africa
Angola energy report
This analysis includes a comprehensive Angola energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas pricing trends and major energy issues and developments surrounding the energy industry. The report provides a complete picture of the country situation, dynamics, current issues and future prospects. With 2020 market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities. Browse the tabs below for a detailed table of contents, the list of graphs and tables, and details on the data files.
Update:
February 2022
Format:
3 files (PDF report, 2 Excel files)
Pages:
30 (Report only)
Delivery:
Immediate by e-mail
Price:
790 €
Price without VAT. Depending on your statute and location, VAT might be applicable. Get in touch with us for more information.
After validation, you will immediately receive 3 files by email (one pdf report and 2 excel files containing the datasets).
Highlights
- The National Plan of Development set a solar capacity addition target of 600 MW for 2022.
- TotalEnergies is the largest oil operator.
- Angola is the 2nd largest oil producer in Africa.
- Electricity production is increasing very rapidly (~12%/year), with hydropower representing around 60% of the power mix.
- Gas flaring has been drastically reduced.
- Gasoline and diesel prices are the second lowest in Africa after Algeria.
- Electricity tariffs are low and do not cover production costs.
- The country's energy consumption has been decreasing since 2015 because of the recession. Biomass still represents 47% of this consumption, but its share is declining.
- 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.
74%
share of hydro in power mix
47%
share of biomass in the energy mix
Abstract
Institutions & Energy Policy
The Minister 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
Resources:
Angola has an enormous gas potential, with estimated reserves of 343 bcm (end of 2020).
Proven oil reserves are estimated at 1.1 Gt (end of 2020). The country also has an important hydroelectric economic potential, estimated at 65 TWh/year.
Energy Prices
Electricity:
The government adopted a 14% VAT tax to replace the Consumption Tax in 2019. The adoption of this tax and a cut on subsidies on electricity led to a significant readjustment of power tariffs (+97%), to an average of AOA 12.82/kWh (US$2c/kWh).
Energy Consumption
Overall per capita energy consumption is around 0.4 toe. Per capita electricity consumption is approximately 425 kWh (2020).
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$7.5bn in distribution).
- GENERAL OVERVIEW
- INSTITUTIONS AND ENERGY POLICY
- ENERGY SUPPLY
- ENERGY PRICES
- ENERGY CONSUMPTION
- ISSUES AND PROSPECTS
- DATA TABLES
- ABBREVIATIONS
- GLOSSARY
Below is a list of the Angola energy market report graphs:
- GRAPH 1: CO2-energy emissions (MtCO2)
- GRAPH 2: Installed electric capacity by source (2020, %)
- GRAPH 3: Gross power production by source (TWh)
- GRAPH 4: Power generation by source (2020, %)
- GRAPH 5: Gasoline & diesel prices (US$/l)
- GRAPH 6: Consumption trends by energy source (Mtoe)
- GRAPH 7: Total consumption market share by energy (2020, %)
- GRAPH 8: Final consumption market share by sector (2020, %)
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.
The Angola energy market data since 1990 and up to 2020 is included in the Excel file accompanying the Angola country report.
It showcases the historical evolution, allowing users to easily work with the data.
Key Data included in the excelsheet:
- Economic indicators: Annual historical economic indicators, energy security, energy efficiency and CO2 emissions.
- Supply indicators: Annual historical reserves, capacity, production and external trade (imports(+) exports(-) balance).
- Demand indicators: Annual historical consumption per capita, consumption trends, total consumption, final consumption (per energy and per sector) and electricity consumption total and per sector.
- Energy Balance: total and per energy.
- Angola Energy Prices: In addition to the analysis provided on the report we also provided a data set which includes historical details on the Angola energy prices for the follow items: price of premium gasoline (taxes incl.), price of diesel (taxes incl.), price of electricity in industry (taxes incl.), price of electricity for households (taxes incl.), price of natural gas in industry (taxes incl.), prices of natural gas for households (taxes incl.), spot price of Brent and CO2 emissions (from fuel combustion).
The Angola country report is complemented with a national power generation dashboard (excel file) from our Power Plant Tracker Service.
Data included in the excelsheet:
- New capacities: Current power mix, installed capacity at date, capacity under construction and under development.
- Power Sector Performances: Historical data on installed capacity, power generation, thermal power plants inputs, average thermal power plant efficiency, CO2 emissions of the power sector, carbon factor of the power sector.
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