Angola has struck its first significant natural gas discovery, marking a milestone that could serve as the cornerstone of the country’s ambitious $150 billion energy and economic diversification strategy.
The find, announced by national oil company Sonangol and its international partners, represents a breakthrough for Angola’s gas ambitions, which have long taken a backseat to its oil-dominated industry. Located offshore in the Kwanza Basin, the discovery is expected to unlock billions of cubic meters of gas reserves, positioning Angola as a future regional hub for liquefied natural gas (LNG) exports.
“This discovery signals the start of a new era for Angola’s energy sector,” government officials stated, emphasizing the role of gas in boosting energy security, supporting domestic industrialization, and enabling cleaner energy transitions across the region. 
The $150 billion strategic plan includes investments in gas infrastructure, downstream facilities, power generation, and export terminals. Angola aims to attract international partners, reduce dependence on oil revenues, and leverage its strategic Atlantic location to serve both African and European markets.
With global demand for LNG expected to rise significantly through 2040, Angola’s gas breakthrough could not be better timed. Analysts say the discovery could transform the country’s long-term fiscal outlook and elevate its geopolitical standing as a critical energy supplier.
If successfully developed, the new gas reserves could become one of the most important economic pillars for Angola, anchoring everything from employment to industrial growth in the coming decades.
