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Angola energy report

Angola energy report
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Format
3 files (PDF report, 2 Excel files)
Pages
31 (Report only)
Delivery
Immediate by e-mail
Table of Contents
  • GENERAL OVERVIEW
  • INSTITUTIONS AND ENERGY POLICY
  • ENERGY SUPPLY
  • ENERGY PRICES
  • ENERGY CONSUMPTION
  • ISSUES AND PROSPECTS
  • DATA TABLES
  • ABBREVIATIONS
  • GLOSSARY

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890 €

Overview

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 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.

Highlights

  • The new "Angola 2050" strategy set an objective of 60% of renewables in the electricity mix by 2035.
  • The country aims to reduce its GHG emissions by 21% in 2030, compared to a BaU scenario.
  • TotalEnergies is the largest oil operator and Chevron the largest gas producer (both with around half of total production). Azule Energy, a 50/50 joint venture between BP and Eni, is the second largest oil operator.
  • Angola is the second largest oil producer in Africa.
  • After a very rapid progression until 2020 (~12%/year), electricity production remained stable in 2021 and 2022.
  • Hydropower represents 75% of the power mix.
  • Gas flaring has been drastically reduced, from 70% in 2016 to 11% in 2022.
  • Gasoline and diesel prices are among the lowest in Africa and comparable to Algeria.
  • Electricity tariffs are low and do not cover production costs.
  • Total energy consumption has increased very rapidly since 2020.
  • Biomass is the dominant fuel (44% in 2022) but its share is decreasing rapidly (-7 points since 2010).
  • Angola aims to almost double its capacity by 2025 to 10 GW and to reach a 60% electrification rate.
  • The refining capacity will triple by 2026, with 330 kb/d under construction.
2nd
largest crude oil producer in Africa
75%
share of hydro in power mix
44%
share of biomass in the energy mix

  • Institutions & Energy Policy

    The Ministry 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 a significant gas potential, with estimated reserves of 129 bcm (end of 2022).

    Proven oil reserves are estimated at 1 Gt (end of 2022). 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. Those prices in local currency remained unchanged until 2022.

  • Energy Consumption

    Overall per capita energy consumption is around 0.45 toe. Per capita electricity consumption is approximately 408 kWh (2022).

  • 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).

  • GRAPH 1: CO2-energy emissions (MtCO2)
  • GRAPH 2: Installed electric capacity by source (2022, %)
  • GRAPH 3: Gross power production by source (TWh)
  • GRAPH 4: Power generation by source (2022, %)
  • GRAPH 5: Gasoline & diesel prices (US$/l)
  • GRAPH 6: Consumption trends by energy source (Mtoe)
  • GRAPH 7: Total consumption market share by energy (2022, %)
  • GRAPH 8: Final consumption market share by sector (2022, %)
  • 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 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).