Angola is fast-tracking its energy development initiatives with a series of projects and policy updates to enhance oil and gas output and promote low-carbon solutions, solidifying its role as a key regional energy producer.
At African Energy Week 2024, the National Oil, Gas & Biofuels Agency (ANPG) announced that Angola’s government will release the decree for the Incremental Production Law in November.
Designed to counter production declines in mature oilfields, the law introduces favorable fiscal terms to attract additional investments.
In further efforts to draw investors, the ANPG will award nine additional upstream concessions by the end of 2024, bringing the total to 41 awarded concessions since the start of Angola’s multi-year licensing strategy in 2019.
Among Angola’s major upcoming projects, the $300 million Sanha Lean Gas Connection Project, developed by Chevron, is set to begin production in December 2024.
This project, connected to the Sanha Condensate complex, will supply gas to Angola’s only LNG facility, Angola LNG.
In green energy, Angola anticipates a Final Investment Decision on its first green hydrogen project in 2025.
Developed by Sonangol in partnership with CWP, Gauff Engineering, and Conjuncta, the 600 MW project will have an annual production capacity of 400,000 tons of green hydrogen.
Additionally, the Quilemba Solar Project, a collaboration between Sonangol, TotalEnergies, and Greentech, is expected to go live by late 2025 or early 2026, adding up to 45 MW to Angola’s power generation capacity.
