Angola’s National Development Plan (NDP) 2023-2027 focuses on strengthening agriculture through a $60 billion investment in natural gas projects. The upcoming AOG conference will address natural gas’s strategic significance for food security, particularly in fertilizer production. Key initiatives include partnerships to reduce fertilizer imports and enhance LPG distribution for agricultural operations. These projects aim to bolster agricultural productivity and support food security adequately.
Angola’s National Development Plan (NDP) for 2023-2027 aims to enhance agricultural productivity and food security throughout the nation. With an investment pipeline of $60 billion for natural gas initiatives, these projects promise a cost-effective energy supply that can transform agricultural operations in Angola and drive economic growth.
The Angola Oil & Gas (AOG) conference, scheduled for September 3-4 in Luanda, will explore the significant benefits of investing in Angola’s natural gas value chain. This conference will bring together various stakeholders from upstream to downstream sectors to discuss opportunities for value addition, focusing on crucial areas such as power generation and the production of fertilizers.
Currently, Angola spends about $120 million on imported fertilizers to meet its local needs. Planned projects aim to curb these imports by utilizing natural gas to produce ammonia and urea. A notable advancement involves a partnership between Toyo Engineering Corporation and Amufert, which will implement urea technology at the Soyo plant with a production capacity of 4,000 tons per day. This initiative, supported by a $1.4 billion commitment from the African Export-Import Bank, is expected to commence operations in 2027, thereby improving fertilizer access for the agricultural community.
Natural gas is anticipated to further bolster agricultural operations in Angola by providing a reliable fuel source. The agricultural sector currently relies mainly on biomass and diesel, but adopting liquefied petroleum gas (LPG) could revolutionize energy access. With significant LPG distribution efforts underway, including a projected 15% rise in distribution in early 2024, Angola is enhancing fuel security across its agriculture industry.
Moreover, several upcoming gas projects are poised to strengthen agricultural production. The Soyo II power plant, with a capacity of 750 MW, is expected to be operational by 2025, improving electricity access significantly. Additionally, the Quiluma and Maboqueiro non-associated gas project will augment gas supplies with a capacity of 330 million standard cubic feet per day (mmscf/d). These developments are set to provide essential energy to power agricultural machinery and irrigation systems, ultimately reinforcing food security as outlined in the NDP.
The AOG conference is the premier oil and gas event in Angola, sanctioned by various governmental and industry organizations. It serves as an essential forum for forging partnerships and propelling Angola’s oil and gas sector forward. Interested parties wishing to participate or sponsor may contact sales@energycapitalpower.com.
In summary, Angola’s National Development Plan seeks to enhance agricultural productivity through significant investments in natural gas initiatives. The forthcoming AOG conference will shed light on the strategic importance of these projects, particularly in fertilizer production and energy supply. By reducing dependency on imports and providing reliable fuels, Angola is on track to bolster food security and enhance overall agricultural operations. The ongoing and proposed gas projects will further support these aims by improving energy access, thus facilitating advances in the agricultural sector.
Original Source: energycapitalpower.com
