- Currently, US investors are looking at new frontiers, ranging from gas monetization and mineral development to solar and green hydrogen investments in Angola.
- Luanda has announced its outlook for more than $60 billion in oil and gas investment through the National Oil, Gas and Biofuel Engines.
- These investments range from exploration, development, gas processing, purification and midstream infrastructure.
Angola is creating a bold new course in its energy diplomacy. It can redefine its economic trajectory and deepen its global alliance. Recently, Angola’s Minister of Mineral Resources, Minister of Oil and Gas, Diamantino Azevedo, and U.S. Energy Secretary Chris Wright reaffirmed the nation’s shared vision for a dynamic, future-focused energy partnership at a conference in Washington, DC.
Alongside Angola’s US ambassador, Agostinho van Donem, the speech presents a strategic pivot from traditional oil and gas collaborations to a broader agenda that includes key minerals and renewable energies.
As American companies have already settled in Angola’s offshore energy investment, both sides are currently focusing on new frontiers, ranging from gas monetization and mineral development to solar and green hydrogen investments. At the heart of this evolving alliance is a powerful proposal. It leverages Angola’s natural wealth and US capital and technology to promote sustainable growth and safe supply chains for a global clean energy transition.
Angola and US investors explore a balanced energy transition
“This conference reflects the robust and evolving partnership between Angola and the United States. We are committed to working together to achieve a balanced energy transition. We will leverage Angola’s natural resources, advance technical cooperation, and contribute meaningfully to economic change and development goals,” Minister Azevedo said.
With over 9 billion barrels of proven oil reserves and 11 trillion cubic feet of natural gas, Angola has announced its prospects for more than $60 billion in oil and gas investment. National Oil, Gas and Biofuel Engines (ANPG). These span exploration, development, gas processing, purification, and midstream infrastructure.
The licensed round set, scheduled for release this year, will offer 10 new blocks in the Kwanzaa and Benguera Basin, but with five marginal field opportunities, 11 additional blocks are open for direct negotiations.
US companies continue to play a fundamental role in Angola’s energy landscape. Earlier this month, ExxonMobil secured the expansion of PSC at Block 17, allowing continued deep-sea exploration and development in this prolific basin, highlighting Angola’s long-term commitment to the offshore sector.
Meanwhile, Exxonmobil is redeveloping Block 15, where more than 2.6 billion barrels are already in production. The 18-well program extends the lifespan of the block for more than 20 years, bringing two new discoveries. The company is also working with Totalenergies and ANPG to conduct prospective research on blocks 17/06 and 32/21, aiming to identify future drilling targets.
Gas development
Chevron leads Angola’s gas development efforts through affiliate Kabinda Gulf Oil Company. The company increased its gas supply to 600 million cubic feet per day to the Angola LNG plant, achieving its first gas from the Sanha Lean Gas Connection Project earlier this year.
Angola LNG – One of the few operating LNG export terminals in sub-Saharan Africa offers US companies a strategic entry point into the global LNG supply chain. As part of the new gas consortium, Chevron is also developing Angola’s first unrelated gas project, which is expected to come online in late 2025 or early 2026.
Downstream and midstream projects are another important pillar of the energy conversion in Angola. Construction is progressing at the $920 million Cabinda refinery, with US companies engaged in engineering and procurement roles.
The US-backed Reut Corridor, a major infrastructure initiative connecting Angola’s Reut port to Zambia and the DRC, is poised to promote regional energy transport and industrialization, offering additional opportunities for American companies in logistics, storage and rail link energy infrastructure.
Complementary investments in storage terminals, fuel distribution and domestic refining capabilities will help Angola reduce its dependence on imports and increase energy self-sufficiency. This engagement identifies new commitments to coordinate sustainable development, energy security and economic modernization goals and the energy cooperation between the US and Angola.
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