Ghana’s Gas Commercialisation Programme: What options? | Comprehensive Ghana Oil and Gas news, information, updates, analysis
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Commercialization of the Ghana programme may be designed to explores very good innovative ways of making associated gas more useful to the people of Ghana and beneficial to the growing iol and gas industry in Ghana. Commercializing the Ghana implies making some financial gains or capital out of the gas. It is a common knowledge that gas is one of the cheapest source of generating power. It is also a known fact that gas has no world market e and therefore, its price cannot be determined at the world market as in the case crude oil. As result, one option for the Ghana gas commercialization programme is for Ghana to create local market or demand for its gas produced. To do this, we need to open up the power generating sector to potentials investors and this can engender effective and efficient competition into the sector. this would further open up consumer choices with regards to suppliers and thereby reduce high cost of energy consumption on the part of the customers. This is on domestic level.
Ghana can also leverage on its gas commercialization programme to gain greater influence on the the west African sub-region. That is by creating regional market for its gas. it can therefore be like Russia and the EU in terms of energy supply and consumption respectively. But this can be a long-term plan.
In short, Ghana has very good potentials in commercializing its gas.
Seaweld Engineering Ltd has finally completed the Fabrication of over 250 tons of Steel work as a subcontractor to MODEC for the construction of Ghana’s Second Floating Production Storage and Offload (FPSO) Unit.
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