Angola’s National Development Plan focuses on enhancing agriculture through $60 billion natural gas investments. The AOG conference will address strategic value in natural gas, including fertilizer production and fuel accessibility. Collaboration with Toyo Engineering aims to reduce fertilizer imports. Upcoming projects like Soyo II and the Angola LNG will improve energy supplies for the agriculture sector, strengthening food security.
Angola’s National Development Plan (NDP) 2023-2027 emphasizes a strategic approach to enhance agricultural productivity and food security. With a substantial $60 billion investment in natural gas projects planned, Angola aims to utilize this affordable energy source to significantly strengthen its agricultural sector. These initiatives will support the use of natural gas in various agricultural operations, enhancing overall energy accessibility.
The Angola Oil & Gas (AOG) conference, scheduled for September 3-4 in Luanda, will explore the opportunities presented by investment in the natural gas sector. By convening stakeholders from upstream, midstream, and downstream sectors, the conference will focus on value addition across sectors, including discussions on power generation, fertilizer production, and financial integration.
Currently, Angola’s reliance on imported fertilizers, costing around $120 million annually, is expected to decrease due to new projects aimed at utilizing natural gas for ammonia and urea production. A key development involves a collaboration between Toyo Engineering Corporation and Angolan producer Amufert to implement proprietary urea technology for the Soyo plant, which will yield 4,000 tons of fertilizer daily by 2027, thus boosting local supplies to farmers.
Natural gas is poised to transform fuel access for agriculture, as the industry currently depends on biomass and diesel. Increased distribution of liquefied petroleum gas (LPG) is planned, with a procurement of 1.3 million tons anticipated in Q4 2024. Temporary distribution figures indicate a 15% rise in Q1 2024, with LPG demand projected to grow by 31% by 2027, supported by an increase in gas-filling capacity by Sonangol, which will enhance fuel security for agricultural operations.
Several upcoming gas projects are set to enhance agriculture’s operational framework. The Soyo II combined-cycle power plant, expected to generate 750 MW by 2025, will improve electricity accessibility by 20%. Additionally, the advance of Angola’s first non-associated gas project will provide crucial feedstock for the Angola LNG project, significantly boosting overall production capacity. These developments will facilitate energy supply for agricultural machinery and irrigation systems, ultimately contributing to improved food security.
The Angola Oil & Gas event is recognized as the premier oil and gas platform in the nation, bolstered by support from key governmental and industry bodies. This conference provides valuable opportunities for stakeholders to engage in discussions that advance Angola’s oil and gas sectors, facilitating sponsorships and participation.
In conclusion, Angola’s initiatives highlighted in the NDP 2023-2027 focus on leveraging natural gas projects to enhance agricultural productivity and food security. The strategic investment in fertilizer production, improved fuel access through LPG, and ongoing gas projects will collectively contribute to boosting the agricultural sector. By increasing energy supplies, Angola positions itself for a more secure and sustainable agricultural future, thus addressing key challenges to food security.
Original Source: energycapitalpower.com
