Angola’s NDP 2023-2027 aims to boost agricultural productivity through substantial investments in natural gas, targeting food security. Upcoming projects will enhance fertilizer production and energy accessibility. The AOG conference will facilitate discussions on these developments, promising significant advancements in the agricultural and energy sectors.
Angola’s National Development Plan (NDP) 2023-2027 aims to enhance agricultural operations and food security. The plan involves a substantial $60 billion investment in natural gas projects, which will serve as an affordable energy source for agriculture. These developments promise to boost efficiency and productivity within the sector, facilitating a secure food supply chain.
The upcoming Angola Oil & Gas (AOG) conference on September 3-4 in Luanda will discuss the strategic importance of investing in Angola’s natural gas value chain. The conference is a significant platform for upstream, midstream, and downstream stakeholders to explore cross-sector value addition, with topics including power generation, fertilizer production, and financial integration.
Currently, Angola imports around $120 million worth of fertilizer annually; however, new projects are set to change this dynamic. These initiatives will utilize natural gas for ammonia and urea production, thereby reducing import dependency. A recent partnership between Toyo Engineering Corporation and Amufert aims to leverage proprietary urea technology to produce up to 4,000 tons of fertilizer daily at the Soyo urea plant. With $1.4 billion in funding from the African Export-Import Bank, operations are expected to commence by 2027.
Natural gas is also projected to enhance the availability of reliable fuels for agriculture, which predominantly relies on biomass and diesel. Improved distribution of Liquefied Petroleum Gas (LPG) is paramount, with Angola anticipating a 15% increase in LPG distribution by Q1 2024 and a projected 31% rise in demand by 2027. The national oil company Sonangol has tripled its gas-filling capacity in Cabinda, bolstering regional access to LPG by 28%.
High-profile gas projects aim to further enhance agricultural operations in Angola. The Soyo II combined-cycle power plant will add 750 MW by 2025, raising electricity access significantly. The Quiluma and Maboqueiro gas project is on the verge of completion, promising 330 million standard cubic feet per day (mmscf/d) as feedstock for the Angola LNG project, which is also progressing rapidly. These advancements underscore Angola’s commitment to elevating agricultural energy supply and infrastructure, consequently strengthening food security.
The AOG conference benefits from the support of organizations like the Ministry of Mineral Resources, Oil and Gas, and the African Energy Chamber. It serves as a crucial venue for fostering deals that advance the country’s oil and gas sectors. Interested parties are encouraged to inquire about participating or sponsoring via [email protected].
Angola’s strategic investments in natural gas are poised to significantly enhance agricultural productivity and food security as outlined in the NDP 2023-2027. With projects focusing on fertilizer production and enhanced energy access, the country is setting itself up for substantial improvements in agricultural operations. The AOG conference represents a pivotal opportunity to discuss and advance these initiatives, fostering collaboration across the energy and agriculture sectors.
Original Source: energycapitalpower.com
