Angola, one of Africa’s leading oil producers, is actively accelerating its energy diversification strategy, signalling a new phase in its national energy agenda.
In a bold move that balances hydrocarbon wealth with green ambitions, the country is pursuing both conventional and renewable energy investments—positioning itself as a dual-energy leader in the region.
At the centre of this shift is the Kaminho Deepwater Project, a landmark $6 billion offshore development led by TotalEnergies in collaboration with Petronas and Angola’s national oil company, Sonangol. Slated as the first major upstream final investment decision (FID) in Angola since 2015, Kaminho underscores renewed confidence in Angola’s offshore oil potential. The project will involve the development of Cameia and Golfinho fields through a state-of-the-art floating production storage and offloading unit (FPSO), adding a significant boost to Angola’s deepwater capacity and long-term output.
However, Angola’s ambitions stretch beyond oil. The government has announced plans to reach a final investment decision on its first green hydrogen project by 2025—a move that reflects the country’s commitment to a lower-carbon future. This green hydrogen project, still in the pre-feasibility stage, aims to leverage Angola’s vast renewable energy resources, particularly solar and hydropower, to produce clean hydrogen for both domestic use and export to energy-hungry markets like Europe and Asia.
These dual efforts are part of Angola’s broader strategy to ensure energy security, diversify revenue streams, and attract sustainable investment. By aligning traditional energy strengths with emerging low-carbon solutions, Angola is laying the foundation for long-term resilience and competitiveness in a rapidly evolving global energy landscape.
If successful, Angola could emerge not only as a dominant oil player but also as a pioneer in Africa’s green hydrogen space—offering a compelling model for energy diversification on the continent.
Source: Further Africa
