Angola’s National Development Plan outlines strategies to enhance agriculture through natural gas developments, with significant investments aimed at boosting fertilizer production and access to reliable fuels. The Angola Oil & Gas conference will explore investment opportunities in this sector, contributing to improved food security and agricultural productivity by 2027.
Angola’s National Development Plan (NDP) for 2023-2027 proposes a thorough approach to enhance agricultural operations, aiming to improve food security within the country. The anticipated $60 billion pipeline of natural gas projects will provide a critical energy source for agriculture, facilitating affordable energy access. This strategic initiative is poised to elevate agricultural productivity across the nation.
Scheduled for September 3-4 in Luanda, the Angola Oil & Gas (AOG) conference aims to highlight the strategic advantages of investing in Angola’s natural gas value chain. The conference is a pivotal gathering for upstream, midstream, and downstream stakeholders to discuss potential value additions across various sectors, focusing on essential themes like power generation, fertilizer production, and financial integration opportunities.
Currently, Angola imports around $120 million in fertilizer each year to satisfy local needs. New gas projects are anticipated to decrease these imports by enabling domestic ammonia and urea production. A notable collaboration between Japan’s Toyo Engineering Corporation and Angolan fertilizer producer Amufert aims to implement advanced urea technology at the Soyo plant, which will generate 4,000 tons of fertilizer daily for local markets. The African Export-Import Bank has committed $1.4 billion to support this project, with operations expected to commence in 2027, significantly boosting agricultural productivity.
Natural gas is also anticipated to provide enhanced access to reliable fuels for Angola’s agriculture sector, which currently depends heavily on biomass and diesel. An improved distribution network for liquefied petroleum gas (LPG) is underway, with 1.3 million tons earmarked for the domestic market by Q4 2024. LPG distribution has increased by 15% in early 2024, and demand is projected to rise by 31% by 2027, thanks to Sonangol’s enhancement of gas-filling capabilities, which will bolster regional gas availability significantly.
Forthcoming gas projects are set to significantly support the agricultural sector. The 750 MW Soyo II combined-cycle power plant, expected to operationalize in 2025, will boost electricity access by 20%. Progress is also being made on the Quiluma and Maboqueiro fields, with operations expected to begin in early 2026. These initiatives will facilitate the Angola LNG project and increase gas output, contributing crucial energy supplies for agricultural machinery, irrigation systems, and food processing facilities. Moreover, improved fuel access will enhance the storage and transportation of agricultural products, thereby reinforcing food security in accordance with the NDP.
The AOG event stands as Angola’s premier oil and gas forum, receiving support from key governmental and industry stakeholders. This platform encourages deal-making and the progress of Angola’s oil and gas sector. For sponsorship or delegation inquiries, please contact sales@energycapitalpower.com.
In summary, Angola’s National Development Plan aims to fortify agricultural productivity through significant investments in its natural gas sector. The upcoming gas projects are set to reduce fertilizer imports, improve fuel access, and support agricultural operations. Events such as the Angola Oil & Gas conference will facilitate discussions among industry leaders, further integrating gas supply with agriculture. These efforts are crucial in promoting food security and enhancing the overall economic landscape in Angola.
Original Source: energycapitalpower.com
