We value your privacy

We use cookies to enhance your browsing experience, serve personalized ads or content, and analyze our traffic. By clicking "Accept All", you consent to our use of cookies. Cookie Policy

Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

ADVERTISEMENT
Africanian
  • News
  • News 24/7
  • Politics
  • Business
  • Health
  • Sports
  • Travel
  • World
    • US
    • Russia
    • Europe
    • Asia
    • America
  • Events
No Result
View All Result
Africanian
No Result
View All Result
Home Business

Ghana: Gas regasification facility contracting misplaced, wasteful – IES

Both natural gas liquefaction and regasification are strategic options open to the government of Ghana (GoG) within the natural gas sub-sector.

in Business
Reading Time: 2 mins read
1 0
0
Ghana: Gas regasification facility contracting misplaced, wasteful - IES
0
SHARES
Share on FacebookShare on TwitterShare via Whatsapp

However, the country’s short-term and long-term priorities must be set right, so the country does not pay for what it does not need immediately.

Industry report shows that the raw gas exported to Ghana National Gas Company (GNGC) from the three producing fields represent less than 38 percent of produced gas compared to reinjected and flared gas which is in excess of 68,000 million standard cubic feet (MMscf), constituting 59 per cent-plus of produced gas. It is therefore clear that the country has failed to make optimal use of its natural gas resource while it struggles to off-take the gas, hence the decision to re-inject and flare.

With ample proof that there is sufficient supply from domestic sources to meet the country’s gas needs, the contracting of a regasification facility at this moment is a misplaced priority and wasteful. It is wasteful in the sense that it is going to worsen the excess supply situation, resulting in more cost to the country, in the face of the take-or-pay clause embedded in the liquefied natural gas (LNG) import contract.

Ordinarily, where there is clearly excesses in supply of the commodity, and the excesses is creating bottlenecks for production and cost to the off-taker, the excess gas production should rather provoke a search for new market. Therefore, most feasible decision for government to take is to export the excess gas. Gas liquefaction would therefore be a probable choice, aside pipeline transportation; giving that the continuous re-injection and flaring of excess gas may unnecessarily distort the geology of the gas formation, harm the environment, and cost the country to lose money.

Therefore, the decision to build an LNG regasification facility in the country for purposes of importation is hasty and needless. There is absolutely no linkage to the short-term and long-term needs of the country. The decision to procure the facility at this moment will only contribute to the excesses and come at a cost to the country. The country is better off prioritising investment into gas liquefaction than regasification.

More

Nigeria accelerates economic transformation with key reforms and signs of recovery

Rwanda combines youth innovation and circular economy to build a resilient nation

7 Tracks, 1 Future: AfriLabs Annual Gathering 2025 Sets the Stage for Africa’s Innovation Renaissance

Presently, the issue about the supply of gas have well been addressed by domestic production. What is left to be solved in the demand-supply equation is the demand factor.

Government must therefore stimulate demand by putting in place relevant gas infrastructure and regulatory policies to resolve the issue of unutilised gas, beyond the use of natural gas for power generation.

Source: ghanaweb.com
africanian

africanian

  • Trending
  • Comments
  • Latest
Rwanda combines youth innovation and circular economy to build a resilient nation

Rwanda combines youth innovation and circular economy to build a resilient nation

July 3, 2025
Weather in South Africa: Climate and Seasons

Weather in South Africa: Climate and Seasons

August 25, 2020
Weather in Kenya: Climate, Seasons, and Average Temperature

Weather in Kenya: Climate, Seasons and Average Temperature

August 26, 2020
Uganda achieves a 47% increase in customs revenue thanks to digitalization

Uganda achieves a 47% increase in customs revenue thanks to digitalization

July 14, 2025
Madagascar increases Polio surveillance capacity by 60% in the region

Madagascar increases Polio surveillance capacity by 60% in the region

July 14, 2025
In Tanzania, the Kibuka community has improved their household economy by more than 50%.

In Tanzania, the Kibuka community has improved their household economy by more than 50%.

July 11, 2025
Twitter Instagram Youtube Facebook
No Result
View All Result

Africanian News

Is a dedicated project aimed at amplifying the voices of the African Ecosystem and Diaspora. We actively collaborate with initiatives to improve access to education and digital inclusion, both in traditional schools and through digital platforms, for African children.

It’s crucial to emphasize that none of the articles or images featured on our platform are intended for copyright infringement, neither now nor in the future. If you believe that any information, text, image, etc., may be subject to copyright and should be removed, please notify us by sending an email to info@africanian.com

Your dreams matter; your stories matter.

Feel free to explore collaboration opportunities with us. Share your articles, thoughts, interviews, experiments, or no-comment videos by reaching out to info@africanian.com. You can also subscribe to our mailing list to receive the latest updates from Africanian News.

© 2024 Africanian News: From Africa, by Africans, for Africa, and friends of Africa.

No Result
View All Result
  • News
  • Politics
  • Business
  • Health
  • Sports
  • Entertainment
  • Tech
  • Travel
  • World

© 2024 Africanian News: From Africa, by Africans, for Africa, and friends of Africa.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Log In

Sign In

Forgot password?

Don't have an account? Register

Forgot password?

Enter your account data and we will send you a link to reset your password.

Back to Login

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Accept

Add to Collection

  • Public collection title

  • Private collection title

No Collections

Here you'll find all collections you've created before.