Luanda recently hosted the prestigious Angola Oil & Gas Conference and Exhibition, a gathering of industry leaders focusing on the nation’s largest sector. The discussions centred around the immense potential for public-private partnerships to transform the region’s energy landscape. The event brought together over 1,200 delegates from 54 companies, representing multiple African countries and further afield.
Angola is one of the world’s leading oil and natural gas producers in global energy markets, producing approximately 1 million barrels per day. Keynote speakers at the AOG 2023 conference reflected on shift towards sustainability, representing government ministries, international institutions, and major corporate players. However, the highlight of the event was undoubtedly Sonangol, Angola’s national oil company, according to Business Insider.
Sonangol, renowned for its dedication to promoting clean energy solutions and decarbonizing Angola’s energy sector, was honoured with the Game Changer of the Year Award. The company’s commitment to green energy extends to the completion of a cutting-edge factory in Barro do Dande, set to produce green ammonia. This eco-friendly substance enables the long-distance transportation of green hydrogen energy solutions. In partnership with German engineering firms, the factory will export green hydrogen over 10,000 kilometres to Germany, providing clean energy to the European market.
Simultaneously, Sonangol’s subsidiary, Angola LNG Ltd., is constructing a liquid natural gas plant in Soyo, a groundbreaking $4 billion project, the most significant investment in Angola’s history. This ambitious endeavour will expand access to green energy sources in Angola and the world.