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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 2018 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.

Angola energy report
Update: 
December 2019
Format: 

2 files (PDF report, Excel file)

Pages: 
30 (Report only)
Delivery: 

Immediate by e-mail

Price: 
 590 € 

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 2 files by email (one pdf report and one excel file containing the datasets).

 

Highlights

  • The National Plan of Development sets up a solar capacity addition target of 500 MW for 2022.
  • A large restructuring of the power sector is underway to attract investments. It involves the restructuring of national utilities and the review of electricity tariffs.
  • The National Agency of Petroleum and Gas (ANPG) has taken over Sonangol’s place as regulator of the oil & gas sector.
  • Power generation, transmission, and distribution activities were separated in 2014/2015.
  • Major international oil companies are present through joint ventures or shared production agreements with Sonangol; they include Total, Chevron, ExxonMobil, BP, and Eni.
  • Foreign companies produced 98% of total crude oil production in 2018.
  • Angola holds 10% of African oil reserves and is the second largest oil producer on the continent.
  • Despite an increase in production capacity, Angola is expected to cut its crude oil output as part of OPEC’s efforts to raise oil prices.
  • Most of the gas is flared or reinjected, although the country has a large potential for gas exploitation.
  • Electricity production is increasing very rapidly (above 10%/year), with hydropower representing half of the power capacity.
  • A significant increase in oil product prices occurred over 2013-2017 as a result of the phase-out of fuel subsidies.
  • Regulated electricity tariffs are low and do not cover production costs. The implementation of cost-reflective tariffs to foster private investments is under discussion.
  • The country’s energy consumption has been decreasing since 2015 because of the recession; it increased by 10%/year between 2006 and 2014, driven by the demand from households and services.
  • Although the use of biomass is decreasing, it still represents 43% of the country’s  energy consumption.
  • Angola aims to reach 10 GW of power capacity by 2025 (+6 GW), of which 2 GW of hydropower are already under construction.
  • Investments in the electricity sector were estimated at US$23bn (US$12bn in generation) by 2025, but lower revenues from oil exports forced the government to reduce that estimate by 43% in 2018.
     

2nd

largest crude oil producer in Africa since 2016

50%

share of hydro in power capacity

-4%/year

consumption decrease since 2015

Abstract

  • Institutions & Energy Policy

    The Ministry of Petroleum (MINPET) is in charge of the country's oil and gas activities. The Ministry of Energy and Water (MINEA) manages the electricity sector.

    As the 2nd largest oil producer in Africa and in the top 17 largest worldwide (2018), Angola aims to increase activities in the oil sector and hopes to develop its gas resources. Angola joined OPEC in 2007.

  • Energy Companies

    Gas:

    Angola LNG, Angola Liquefied Natural Gas Limited (Chevron operator 36.4%, Sonangol 22.8%), BP, ENI and Total (13.6% each) owns the onshore LNG liquefaction plant.

    Chevron operates Block 0 with a 39% stake (Exxon Mobil 20%, Total 10%, Eni 9,8%).

    Total operates Block 17 with a 40% stake.

    ExxonMobil operates Block 15 with a 40% stake (BP 26.67%, Eni 20%, Equinor 13.33%).

  • Energy Supply

    Oil:

    Oil production has decreased by 17% since 2015 (of which 8.5% in 2018), from 89.5 Mt to 74 Mt in 2018. 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

    Electricity:

    The government adopted a 14% VAT tax to replace the Consumption Tax in October 2019. The adoption of this tax and a cut on subsidies on electricity led to a 97% average readjustment of power tariffs, to an average of AOA 12.82/kWh.

  • Energy Consumption

    Overall per capita energy consumption is around 0.5 toe. Per capita electricity consumption is approximately 322 kWh (2018).

    Total energy consumption has been decreasing since a peak in 2014 (17.4 Mtoe) because of the recession to 15 Mtoe in 2018 (-15% compared to 2014). Before, it increased by 10%/year between 2006 and 2014, driven by the demand from households and services.

  • Issues & Prospects

    Electricity:

    In 2014, Angola announced its aim to reach around 10 GW of power capacity by 2025, which will require the construction of around 7 GW of additional capacity in ten years. With Angola's large hydropower potential, the bulk capacity will come from hydropower.

Table of Contents

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

Download the Table of Contents

List of Graphs

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

  • GRAPH 1: CO2-energy emissions (MtCO2)
  • GRAPH 2: Installed electric capacity by source (2018, %)
  • GRAPH 3: Gross power production by source (TWh)
  • GRAPH 4: Power generation by source (2018, %)
  • GRAPH 5: Gasoline & diesel prices (US$/l)
  • GRAPH 6: Consumption trends by energy source (Mtoe)
  • GRAPH 7: Total consumption market share by energy (2018, %)
  • GRAPH 8: Final consumption market share by sector (2018, %)

List of Tables

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.

Data (Excel Sheet)

The Angola energy market data since 1990 and up to 2018 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).

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