3rd
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 2019 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:
January 2021
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.
- ANPG replaced Sonangol as regulator of the hydrocarbon sector in 2019.
- Foreign companies produce most crude oil, mainly Total, Chevron, ExxonMobil, BP, and Eni.
- Angola is the 3rd largest oil producer in Africa.
- Electricity production is increasing above 10%/year, with hydropower representing 3/4 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 41% 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.
50%
share of hydro in power capacity
41%
share of biomass in the energy mix
Abstract
Institutions & Energy Policy
The Minister of Mineral Resources, Oil, and Gas is in charge of the country's oil and gas activities. The Ministry of Energy and Water (MINEA) manages the electricity sector.
As the 3rd 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 Supply
Gas:
The marketed gas production doubled in 2016 and quadrupled in 2017 with the exploration of new areas. Production has been increasing 8%/year since 2017 and reached 6.8 bcm in 2019. Until 2016 and the full commissioning of the LNG plant, only a small fraction of the gas produced was marketed (16% compared to 51% now).
Energy Prices
Oil:
Gasoline and diesel prices in 2020 averaged US$0.24/l and US$0.21/l, respectively, and are the second lowest in Africa after Algeria. Prices have been increasing 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. They decreased in dollar due to a strong depreciation of the national currency.
Energy Consumption
Overall per capita energy consumption is around 0.5 toe. Per capita electricity consumption is approximately 318 kWh (2019).
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$7.5bn in distribution).
- GENERAL OVERVIEW
- INSTITUTIONS AND ENERGY POLICY
- ENERGY SUPPLY
- ENERGY PRICES
- ENERGY CONSUMPTION
- ISSUES AND PROSPECTS
- DATA TABLES
- ABBREVIATIONS
- GLOSSARY
Below is a list of the Angola energy market report graphs:
- GRAPH 1: CO2-energy emissions (MtCO2)
- GRAPH 2: Installed electric capacity by source (2019, %)
- GRAPH 3: Gross power production by source (TWh)
- GRAPH 4: Power generation by source (2019, %)
- GRAPH 5: Gasoline & diesel prices (US$/l)
- GRAPH 6: Consumption trends by energy source (Mtoe)
- GRAPH 7: Total consumption market share by energy (2019, %)
- GRAPH 8: Final consumption market share by sector (2019, %)
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 2019 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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