Angola energy report

• 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 2^nd 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.

• 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

  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 and those prices in local currency were unchanged in 2021.

• 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

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 (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.