Angola is deepening its commitment to a greener energy future as its upstream regulator, the National Oil, Gas and Biofuels Agency (ANPG), renewed a two-year low-carbon partnership with energy major Chevron and the National Institute for Environmental Management (INGA). The agreement, originally signed in 2023, extends collaboration on legislation, low-carbon projects, and investment frameworks.
The renewed pact goes a step further by establishing a Regional Center of Excellence — designed to attract investment in strategic sectors including transport, petrochemicals, and agriculture, potentially serving as a launchpad for low-carbon capital across the region. ANPG Chairman Paulino Jerónimo said the partnership was ‘designed to reconcile hydrocarbon production with the energy transition and investment in a low-carbon economy.’
On the legislative front, Chevron Angola Managing Director Frank Cassulo confirmed that joint work over the past two years has helped the government build out comprehensive low-carbon regulation, particularly around carbon offset mechanisms and voluntary market structures — frameworks that investors need before committing capital to emerging carbon-linked projects.
The deal runs alongside Chevron’s natural gas expansion in Angola, where the company recently started production at the New Gas Consortium project in late 2025 — Angola’s first non-associated gas development — following the launch of the Sanha Lean Gas Connection project in late 2024. Both initiatives feed into the Angola LNG plant. The critical test over the next two years will be whether Angola can translate its regulatory architecture into bankable, investable projects and establish itself as a serious player in Africa’s nascent carbon economy.
Source: energycapitalpower.com