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


News in Brief

Ghana solution found

Ghana
Two key African players have joined forces to address the gas deficit and supply risk in Ghana, signing a joint venture agreement.

African Power Generation (AfGen) and the Ghana National Gas Company have signed a joint venture agreement aimed at securing gas supply for future generations.

London-listed Gasol has an option to purchase the entire issued share capital of AfGen from African Gas Development.

The company has until 24 August to acquire the shares.

Under the agreement, a new joint venture company has been incorporated in Ghana to fast-track a liquefied natural gas import project in Ghana.

The LNG project will contain regasification facilities to supply regasified LNG to power plants and other users.

According to Gasol, the joint venture will be responsible for the sale and marketing of LNG from Gasol’s import project in Benin via the West African gas pipeline.

Initial volumes to be sold into Ghana are expected to be 100 million cubic feet of gas per day for a minimum of five years.

Gas from the joint venture will complement Ghanaian field gas, as well as contributing towards achieving security of the gas supply needed to address the current deficit.

Gas chief operating officer Alan Buxton said this agreement was a development from the memorandum of understanding between the two companies.

“The arrangements signal progress on two fronts, both in delivering a dedicated solution for Ghana and prior to the implementation of that solution, the sale and marketing of regasified LNG in Ghana from our planned Benin LNG import project,” he said.

Source: Upstream Online

Get the latest news and updates on Ghana’s oil and gas value chain by following us Reporting Oil and Gas on twitter @oilgasghana and like our facebook page and get at us on Google+. Subscribe to our group to get updates.

Profile photo of Editor
Follow Us

Editor

Reporting Oil and Gas project was launched on 4th June 2009atTakoradi, Western Region, Ghana by Penplusbytes (PPB – www.penplusbytes.org) with the vision of providing a one stop online information and knowledge about Ghana’s oil and gas sector
Profile photo of Editor
Follow Us

Share this article

Leave a reply

Personality of the Month
  • Prof. Thomas Mba Akabzaa Chief Director of Ministry of Petroleum          …
Follow Us Online
Join the Discussions

Summary: Revenue mobilization from the oil sector for Agricultural production in Ghana, a myth or reality?

Agriculture, once considered the backbone of Ghana’s economy recorded a reduction of its contribution to GDP from 45% in 1992…

Responses Add your response


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
<< Aug 2017 >>
MTWTFSS
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 31 1 2 3
Twitter Activity Stream
 

Partners We are proud to be associated with:

Skip to toolbar