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Home Spotlight

Why We Can’t Do Without Nigeria’s Gas – Ghana

Nairametrics by Nairametrics
April 1, 2016
in Spotlight
Why We Can’t Do Without Nigeria’s Gas – Ghana
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The Petroleum Minister of Ghana, Emmanuel Armah-Kofi Buah has confirmed that the country cannot do without gas supply from Nigeria.

The country has just completed its own Gas projects with the coming on stream of the ENI and Tweneboa, Enyenra and Ntomme (TEN) projects.

According to the Minister

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”

We have learnt quick enough to be planning. If you look at our demand and the volume of gas, you will see that we are already talking about Liquefied Natural Gas (LNG). We are doing a project where we want to open up the pipelines and make sure that there is flexibility to send gas from Atuabo to Tema when the ENI gas comes on-stream.

“But we think based on the demand patterns we are seeing and the power plants, we need imported gas that will be brought into the country in its liquefied form. The reality is we have projected that in the next 10 years, 80 percent of the power plants in Ghana will be thermal — and the cheapest source of fuel for this is gas. So we need to make sure there is enough gas. Nigeria needs its gas more than us and we have learnt the hard way. We need to plan independently, as if nobody is around to help us.”

Ghana’s currently requires an estimated daily 450 million standard cubic feet (mmscf) and the national gas company Ghana Gas’ output is currently estimated at a little over 100 million mmscf, which is not enough to fuel generating units in the Aboadze and Tema thermal enclaves.

Parts of this article was sourced from Ghanaweb

Tags: OIl and Gas News
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Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

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