Angola Crude & LNG Export Destinations Map
Angola’s position as sub-Saharan Africa’s second-largest oil producer translates into one of the continent’s most significant crude export profiles. The country’s export portfolio is characterized by extreme geographic concentration, with China absorbing more than 60% of all crude shipments, and by the growing importance of LNG exports from the Soyo-based Angola LNG facility, which has become a meaningful supplier to European gas markets. This dashboard maps every significant export flow by destination, volume, value, and grade, providing the data infrastructure required for trade flow analysis, sanctions compliance monitoring, and market structure research.
| KPI | Value | Period |
|---|
| Total Crude Exports | ~1.05 million b/d | 2024 average |
| Total Crude Export Value | ~USD 28.5 billion | 2024 estimate |
| Crude Export Revenue (2022 peak) | ~USD 46.2 billion | 2022 |
| Crude Export Revenue (2023) | ~USD 36.0 billion | 2023 |
| Crude Export Revenue (2024) | ~USD 36.7 billion | 2024 |
| LNG Exports (2023) | 175 Bcf | 2023 |
| LNG Europe Share | 75% | 2023 |
| LNG Asia-Pacific Share | 25% | 2023 |
| Number of Export Destination Countries | 35+ | 2024 |
| China Share of Crude Exports | ~63% | 2024 |
| Average Export Price (2024) | ~USD 79/barrel | Weighted average |
| Domestic Consumption (retained) | ~50,000 b/d | Refinery feedstock |
Crude Oil Export Destinations — 2024 Breakdown
Top 15 Crude Export Destinations by Volume
| Rank | Destination | Volume (b/d) | Share of Total Exports | Value (USD billion) | Trend vs 2023 | Primary Grades |
|---|
| 1 | China | 660,000 | 62.9% | 19.0 | -3.2% | Cabinda Blend, Girassol, Dalia |
| 2 | India | 85,000 | 8.1% | 2.4 | +12.5% | Cabinda Blend, Nemba |
| 3 | Spain | 45,000 | 4.3% | 1.3 | +8.1% | Girassol, Hungo |
| 4 | France | 38,000 | 3.6% | 1.1 | -5.0% | Girassol, Dalia |
| 5 | Italy | 35,000 | 3.3% | 1.0 | +2.9% | Cabinda Blend |
| 6 | South Korea | 32,000 | 3.0% | 0.9 | -15.8% | Girassol, Plutonio |
| 7 | Indonesia | 28,000 | 2.7% | 0.8 | +16.7% | Cabinda Blend |
| 8 | United States | 22,000 | 2.1% | 0.6 | -26.7% | Various medium grades |
| 9 | Netherlands | 18,000 | 1.7% | 0.5 | +12.5% | Dalia, CLOV Blend |
| 10 | Thailand | 15,000 | 1.4% | 0.4 | +25.0% | Cabinda Blend |
| 11 | Portugal | 12,000 | 1.1% | 0.3 | -7.7% | Various |
| 12 | South Africa | 10,000 | 1.0% | 0.3 | Stable | Cabinda Blend |
| 13 | Japan | 9,000 | 0.9% | 0.3 | -18.2% | Girassol |
| 14 | United Kingdom | 8,000 | 0.8% | 0.2 | -20.0% | Girassol, Dalia |
| 15 | Singapore | 7,000 | 0.7% | 0.2 | +40.0% | Trading hub re-export |
| – | Others | 26,000 | 2.5% | 0.7 | – | Various |
| – | Total | 1,050,000 | 100% | 28.5 | – | – |
China-Angola Crude Trade Deep Dive
The China-Angola crude oil trade relationship is one of the most consequential bilateral energy flows in the world. China has been Angola’s largest crude buyer since approximately 2006, when Chinese state-owned oil companies and banks began providing infrastructure loans collateralized by future oil deliveries. While the formal oil-backed lending structures have largely wound down, the commercial trade relationship remains deeply entrenched through term contracts between Sonangol and Chinese refiners.
| Year | China Crude Imports from Angola (b/d) | Share of Angola’s Total Exports | Share of China’s Total Crude Imports | Value (USD billion) |
|---|
| 2015 | 820,000 | 50.0% | 11.2% | 16.5 |
| 2016 | 780,000 | 50.6% | 10.5% | 11.8 |
| 2017 | 900,000 | 60.0% | 10.7% | 17.1 |
| 2018 | 880,000 | 63.6% | 9.5% | 22.0 |
| 2019 | 790,000 | 62.2% | 7.8% | 17.4 |
| 2020 | 680,000 | 58.5% | 6.2% | 11.0 |
| 2021 | 670,000 | 59.8% | 6.1% | 15.5 |
| 2022 | 660,000 | 61.1% | 5.9% | 22.8 |
| 2023 | 680,000 | 65.0% | 6.0% | 19.0 |
| 2024 | 660,000 | 62.9% | 5.7% | 19.0 |
Angola’s share of China’s total crude imports has been declining steadily from over 11% in 2015 to approximately 5.7% in 2024, not because of reduced Angola-China trade volumes but because China’s total import appetite has grown substantially while Angolan production has declined. China now imports approximately 11.5 million barrels per day from dozens of suppliers, with Russia, Saudi Arabia, Iraq, and the UAE all providing larger volumes than Angola. Nevertheless, Angola remains one of China’s most important African crude suppliers, and the Cabinda Blend and Girassol grades are well-suited to Chinese refinery configurations optimized for medium-sweet African crudes.
Chinese Buyers of Angolan Crude
| Chinese Entity | Estimated Volume (b/d) | Contract Type | Primary Grades | Notes |
|---|
| Sinopec/Unipec | 280,000 | Term + spot | Cabinda Blend, Girassol | Largest single buyer |
| CNOOC | 120,000 | Term | Girassol, Dalia | Block 15/06 equity lifter |
| PetroChina/CNPC | 110,000 | Term | Various | Diversified portfolio |
| Sinochem | 65,000 | Spot-dominant | Cabinda Blend | Trading-oriented |
| Independent refiners (teapots) | 85,000 | Spot | Cabinda Blend, Nemba | Price-sensitive buyers |
| Total | 660,000 | – | – | – |
LNG Export Destinations — 2023/2024
Angola LNG, operated by Chevron at the Soyo facility, has become a meaningful supplier to global gas markets. With a nameplate liquefaction capacity of approximately 5.2 million tonnes per year (250 Bcf/year), the facility shipped 175 Bcf in 2023, with Europe absorbing 75% and Asia-Pacific taking 25%.
LNG Exports by Destination — 2023
| Destination | Volume (Bcf) | Share of Total | Estimated Value (USD million) | Trend |
|---|
| France | 52 | 29.7% | 780 | Stable |
| United Kingdom | 40 | 22.9% | 600 | Growing |
| Spain | 18 | 10.3% | 270 | Growing |
| Netherlands | 12 | 6.9% | 180 | New destination |
| Belgium | 5 | 2.9% | 75 | Spot cargoes |
| Portugal | 4 | 2.3% | 60 | Small volumes |
| Total Europe | 131 | 74.9% | 1,965 | Dominant market |
| India | 35 | 20.0% | 525 | Growing rapidly |
| Japan | 5 | 2.9% | 75 | Spot cargoes |
| South Korea | 2 | 1.1% | 30 | Spot cargoes |
| China | 2 | 1.1% | 30 | Small spot volumes |
| Total Asia-Pacific | 44 | 25.1% | 660 | Secondary market |
| Grand Total | 175 | 100% | 2,625 | – |
Angola LNG Production Growth — 2024/2025
The Angola LNG facility recorded significant production growth through 2025, driven by the Sanha Lean Gas Connection achieving first gas in 2024 and the New Gas Consortium projects approaching completion.
| Metric | 2023 | 2024 | November 2025 | Trend |
|---|
| Total LNG output (million boe/month) | 4.2 | 4.6 | 5.23 | +24.5% (2023 to Nov 2025) |
| Daily average (boe/day) | 140,000 | 153,000 | 174,456 | +24.6% |
| LNG daily (boe/day) | 118,000 | 131,000 | 147,358 | +24.9% |
| Year-on-year production increase | – | +9.5% | +20% (vs prior year) | Accelerating |
| Plant utilization rate | ~70% | ~76% | ~85% | Improving |
Export Revenue Time Series — 2015 to 2025
| Year | Crude Export Volume (million bbl) | Average Export Price (USD/bbl) | Crude Revenue (USD billion) | LNG Revenue (USD billion) | Total Petroleum Export Revenue (USD billion) |
|---|
| 2015 | 620 | 49.50 | 30.7 | 1.8 | 32.5 |
| 2016 | 590 | 41.00 | 24.2 | 1.2 | 25.4 |
| 2017 | 560 | 52.00 | 29.1 | 1.5 | 30.6 |
| 2018 | 518 | 70.00 | 36.3 | 2.1 | 38.4 |
| 2019 | 475 | 63.00 | 29.9 | 1.8 | 31.7 |
| 2020 | 435 | 41.00 | 17.8 | 1.0 | 18.8 |
| 2021 | 415 | 70.00 | 29.1 | 2.0 | 31.1 |
| 2022 | 400 | 99.00 | 39.6 | 6.6 | 46.2 |
| 2023 | 390 | 82.00 | 32.0 | 4.0 | 36.0 |
| 2024 | 383 | 79.00 | 30.3 | 6.4 | 36.7 |
| 2025E | 375 | 74.00 | 27.8 | 4.4 | 32.1 |
The 2022 revenue peak of approximately USD 46.2 billion reflects the convergence of elevated crude prices following Russia’s invasion of Ukraine and record LNG spot prices in European markets. While crude volumes have continued to decline, the stabilization of total petroleum export revenue in the USD 32-37 billion range through 2023-2024 has been supported by the growing LNG revenue contribution.
Crude Grade Export Profiles
Angola produces several distinct crude grades, each with different API gravity, sulfur content, and market positioning. Understanding grade-level export flows is essential for refinery optimization and trading analysis.
| Grade | API Gravity | Sulfur (%) | Classification | Primary Buyers | 2024 Volume (b/d) | Premium/Discount to Dated Brent |
|---|
| Cabinda Blend | 31.7 | 0.17 | Medium-sweet | China, India, Indonesia | 135,000 | -USD 1.50 to -USD 0.50 |
| Girassol | 30.2 | 0.34 | Medium-sweet | China, France, Spain, Japan | 180,000 | -USD 1.00 to +USD 0.30 |
| Dalia | 23.6 | 0.51 | Medium-sour | China, France, Netherlands | 120,000 | -USD 2.50 to -USD 1.50 |
| Plutonio | 33.2 | 0.047 | Light-sweet | South Korea, China | 65,000 | +USD 0.50 to +USD 2.00 |
| CLOV Blend | 34.5 | 0.30 | Medium-sweet | EU refiners | 85,000 | -USD 0.50 to +USD 0.50 |
| Hungo | 28.8 | 0.63 | Medium-sour | Spain, Italy | 45,000 | -USD 2.00 to -USD 1.00 |
| Nemba | 38.2 | 0.22 | Light-sweet | India, China | 35,000 | +USD 0.50 to +USD 1.50 |
| Pazflor | 26.0 | 0.48 | Medium-sour | China, EU | 80,000 | -USD 2.00 to -USD 1.00 |
| Kaombo | 35.5 | 0.25 | Light-sweet | Asia, EU | 70,000 | +USD 0.20 to +USD 1.00 |
| Mondo | 28.0 | 0.39 | Medium-sweet | China | 25,000 | -USD 1.50 to -USD 0.50 |
| Others | Various | Various | Mixed | Various | 210,000 | Varies |
| Total | – | – | – | – | 1,050,000 | – |
Regional Export Flow Analysis
Asia-Pacific Destinations (76.1% of crude exports)
| Country | 2024 Volume (b/d) | Share of Total | Year-on-Year Change | Key Buyers | Strategic Notes |
|---|
| China | 660,000 | 62.9% | -3.2% | Sinopec, CNOOC, PetroChina | Dominant; diversifying away slowly |
| India | 85,000 | 8.1% | +12.5% | Indian Oil, Reliance, BPCL | Growing market |
| South Korea | 32,000 | 3.0% | -15.8% | SK Innovation, S-Oil | Declining |
| Indonesia | 28,000 | 2.7% | +16.7% | Pertamina | Growing |
| Thailand | 15,000 | 1.4% | +25.0% | Thai Oil, IRPC | Emerging buyer |
| Japan | 9,000 | 0.9% | -18.2% | JXTG, Idemitsu | Declining |
| Singapore | 7,000 | 0.7% | +40.0% | Trading desks | Re-export hub |
European Destinations (14.8% of crude exports)
| Country | 2024 Volume (b/d) | Share of Total | Year-on-Year Change | Key Buyers | Strategic Notes |
|---|
| Spain | 45,000 | 4.3% | +8.1% | Repsol, Cepsa | Mediterranean refining |
| France | 38,000 | 3.6% | -5.0% | TotalEnergies refineries | Traditional buyer |
| Italy | 35,000 | 3.3% | +2.9% | Eni refineries | Azule connection |
| Netherlands | 18,000 | 1.7% | +12.5% | Rotterdam hub | Trading/re-export |
| Portugal | 12,000 | 1.1% | -7.7% | Galp Energia | Historical ties |
| United Kingdom | 8,000 | 0.8% | -20.0% | Various | Declining volumes |
Americas Destinations (2.8% of crude exports)
| Country | 2024 Volume (b/d) | Share of Total | Year-on-Year Change |
|---|
| United States | 22,000 | 2.1% | -26.7% |
| Brazil | 5,000 | 0.5% | -16.7% |
| Canada | 2,000 | 0.2% | Stable |
Visualization Description — Export Flow Map
A Sankey diagram of Angola’s petroleum exports would display two primary source nodes: “Crude Oil (1.05 million b/d)” and “LNG (175 Bcf)” on the left side. From the crude node, the dominant flow — a thick red band representing 660,000 barrels per day — connects to China on the right. Thinner bands extend to India (85,000 b/d), Spain (45,000 b/d), France (38,000 b/d), Italy (35,000 b/d), South Korea (32,000 b/d), and a cluster of smaller destinations. From the LNG node, the thickest band flows to France (52 Bcf), followed by the United Kingdom (40 Bcf), with a separate cluster flowing to India (35 Bcf) and smaller Asian buyers. The visual immediately communicates the extreme concentration risk in Angola’s export portfolio: China alone accounts for nearly two-thirds of all crude revenue, making Angola’s fiscal position materially exposed to Chinese refinery demand patterns, US-China trade dynamics, and Beijing’s strategic petroleum reserve management decisions.
Export Infrastructure Capacity
| Facility | Type | Capacity | Current Throughput | Utilization |
|---|
| Malongo Terminal | Crude export | 600,000 b/d | 135,000 b/d | 22.5% |
| Girassol FPSO | Crude export (direct) | 200,000 b/d | 85,000 b/d | 42.5% |
| Dalia FPSO | Crude export (direct) | 240,000 b/d | 95,000 b/d | 39.6% |
| CLOV FPSO | Crude export (direct) | 160,000 b/d | 85,000 b/d | 53.1% |
| Kaombo FPSOs (N+S) | Crude export (direct) | 230,000 b/d | 80,000 b/d | 34.8% |
| Soyo LNG Terminal | LNG export | 5.2 mtpa | ~4.4 mtpa | 84.6% |
| N’Goma FPSO | Crude export (direct) | 100,000 b/d | 65,000 b/d | 65.0% |
Export destinations map last updated: March 22, 2026. Data sources: Angola customs (trade_data.json), Sonangol marketing arm, Kpler vessel tracking, S&P Global Platts trade flow data, EIA country analysis, Chevron/Angola LNG disclosures. Trade flow volumes are estimates based on vessel tracking, customs data, and commercial intelligence; actual traded volumes may differ.