Angola exported more liquefied natural gas to Europe and less to Asia in 2022 and 2023
Angola exported more liquefied natural gas (LNG) to Europe and less to Asia in 2022 and 2023, according to estimates from the Statistical Review of World Energy, when Europe increased LNG imports to offset reduced natural gas imports by pipeline from Russia following the outbreak of the Russia-Ukraine war.
Angola Country Analysis Brief
(Wed, 26 Feb 2025) Angola was the second-largest total liquid fuels producer in sub-Saharan Africa, after Nigeria, in 2024 production. Angola's economy is largely based on hydrocarbon production, making it vulnerable to crude oil price swings. Angola primarily consumes hydroelectricity and fossil fuel-derived fuel sources to meet its domestic needs for power generation. In December 2023, Angola announced that it would leave the Organization of the Petroleum Exporting Countries (OPEC) effective January 1, 2024, following OPEC’s decision in November 2023 to reduce Angola’s crude oil production quota from its June 2023 level of 1.3 million barrels per day (b/d) to