Angola’s vast and untapped natural gas resources – amounting to 301 billion cubic feet of proven reserves according to the Organization of the Petroleum Exporting Countries – present an opportunity for the country to not only cater for its own domestic energy needs and socioeconomic development but to shape regional energy security and the global energy transition.
According to ‘The State of African Energy: 2023 Outlook’ released by the African Energy Chamber, Angola is set to drive CAPEX spending across the African continent, turning it into a global liquefied natural gas (LNG) exporter in the short to medium term with a number of giant projects underway.
