Angola energy report

• 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 of crude oil, mainly Total, Chevron, ExxonMobil, BP, and Eni
• Angola is the 3^rd 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 60% electrification rate.

• 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 3^rd 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

  Oil:

  Oil production has decreased by 25% since 2015 (of which 6% in 2016), from 89.5 Mt to 67 Mt in 2019. It has increased very rapidly since 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 (US$2c/kWh).

• 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 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 (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.