Comprehensive  Ghana Oil and Gas news, information, updates, analysis


NEWS

Ghana LNG project finally under construction

  • SOURCE: citibusinessnews.com | Citi FM
    • POSTED ON: November 5, 2018
    • CATEGORY:

    Ghana’s liquefied natural gas (LNG) import project is finally under construction, years after its original inception, with two vessels contracted to store and regasify the fuel by the second quarter of 2020, a project partner said.

    According to Reuters, China Harbour Engineering Company has already begun construction work on a marina with a Floating Regasification unit (FRU) to be provided by the CSSC Jiangnan shipyard and a Floating Storage Unit by Gasfin, Gasfin’s chief executive Roland Fisher said.

    Ghana has been trying to get an LNG import project off the ground for years, with two leading LNG vessel operators, Golar and Hoegh, earmarking their ships for the Tema port only to withdraw due to delays over contracts.

    However, this time round, contracts have been finalised, Fisher told delegates at an LNG conference.

    “The project is under construction. It’s not subject to finance. It’s not subject to any other permitting,” he said.

    LNG is expected to be sourced by Russian oil giant Rosneft , which has a 12-year deal to supply 1.7 million tonnes a year (mtpa) with Ghana National Petroleum Corporation, although the project has had previous LNG suppliers lined up.

    The terminal will be able to import 2 mtpa, leaving 0.3 mtpa of supplies either yet to be negotiated or free for spot deliveries.

    Profile photo of Citi FM

    Citi FM

    Citi 97.3 FM is an English-speaking radio station that operates from Adabraka in Accra, the capital of Ghana. We can be heard on 97.3 megahertz and on www.citifmonline.com
    Profile photo of Citi FM

    Share this article

    Leave a reply

    Personality of the Month
    Poll

    Do You Think ExxonMobil's Arrival Is Going To Make Significant Contribution Towards Our Oil Sector?

    Follow Us Online
    About Us
    Reporting Oil and Gas project was launched on 4th June 2009 at Takoradi, Western Region, Ghana by Penplusbytes (www.penplusbytes.org) with the vision of providing a one stop online information and knowledge about Ghana’s oil and gas sector read more
    Events Calendar
    << Nov 2018 >>
    MTWTFSS
    29 30 31 1 2 3 4
    5 6 7 8 9 10 11
    12 13 14 15 16 17 18
    19 20 21 22 23 24 25
    26 27 28 29 30 1 2
    Twitter Activity Stream
     

    Partners We are proud to be associated with:

    Skip to toolbar