Angola began exporting liquefied natural gas (LNG) in 2013, following the recent start-up of a LNG plant at Soyo. The nation expressed hopes of commercializing more of its natural gas resources for export and for domestic consumption.
Angola is in no position to lose any of its energy revenue. A recent report by the Overseas Development Institute, “The Development Implications of the Fracking Revolution,” pointed out that oil exports represent nearly half of Angola’s annual gross domestic product, and 80% of Angola’s public revenue comes from oil. “Any reduction in [Angolan] exports, which adversely affects GDP, could result in reductions in employment … The lack of effective social protection measures means that negative effects are more likely to be transmitted immediately.”
