Forecast: Natural Gas Liquids Production in Angola

The natural gas liquids (NGL) production in Angola has shown significant variability over the past decade. From a low of 16.12 thousand barrels per day (kbd) in 2015, production generally trended upwards, reaching 49.49 kbd in 2023. The year-on-year percentage change highlights this volatility, with significant increases in 2014 (+33.19%) and 2017 (+67.98%), but also some declines, such as in 2015 (-45.72%) and 2022 (-0.89%). Over the last five years, the compound annual growth rate (CAGR) from 2019 to 2023 was 4.2%. The forecasted data show a consistent upward trend, anticipating 59.6 kbd by 2028, with a forecasted 5-year CAGR of 2.95%.

Future trends to watch for include:

• Technological advancements in extraction and processing methods
• Government policies impacting the energy sector
• Global demand shifts and price volatility in the energy markets
• Investment levels from both domestic and international stakeholders