Angola is accelerating the pace of energy developments with a series of projects and policies currently in the works. In line with national efforts to boost oil and gas production capacity while advancing low-carbon solutions, this project pipeline affirms the country’s position as a major regional energy producer.
The country’s upstream regulator the National Oil, Gas & Biofuels Agency (ANPG) announced at African Energy Week 2024 that the government is expected to publish the decree for the Incremental Production Law in November. Aimed at reversing production decline in mature oilfields, the law features strategic fiscal terms that enhance the attractiveness of incremental investments.
To further entice investment in upstream blocks, the ANPG plans to award nine additional concessions by the end of 2024. This, according to the ANPG, will bring the total number of awarded concessions to 41 since the launch of the country’s multi-year licensing strategy in 2019.
On the project side, the Sanha Lean Gas Connection Project – developed by energy major Chevron – will start production in December 2024. Comprising the development of a platform that ties into the existing Sanha Condensate complex, the $300 million project will deliver gas to the country’s sole LNG facility: Angola LNG.
In the green energy sector, Angola expects to reach a Final Investment Decision on its inaugural green hydrogen project in 2025. Developed by national oil company Sonangol in partnership with energy companies CWP, Gauff Engineering and Conjuncta, the 600 MW project will have a capacity to produce 400,000 tons of green hydrogen per annum.
The Quilemba Solar Project – developed by a joint venture comprising Sonangol, TotalEnergies and Greentech – is anticipated to come online by late 2025 or early 2026. The project aims to boost the country’s power capacity, with the potential to produce up to 45 MW.
