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Business Ghana to Cut Gas Import From Nigeria, Concentrate on Local Production


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Ghana is planning to significantly reduce the quantity of gas it purchases from Nigeria in the next couple of months through increased local gas production, President of Ghana, Mr. John Mahama, said at the Global African Investment Summit in London.

“We had a lot of excitement when the gas pipeline was built hoping that the abundance of Nigerian gas will flow through the pipeline to help all the four countries signed onto the pipeline, but the volume has been very disappointing.”

He, however, expressed the hope that the country’s current energy crisis will stabilise when works on the Atuabo gas processing plant is completed, adding that the plant should start producing gas for power generation by the end of November.

He said the country is working hard to court more private investors to shore up local production of gas to solve the country’s power crisis.

At least three power plants in the country were taken offline in September, after Nigeria stopped supplying gas to Ghana over a strike by oil workers.

This reportedly led to an emergency meeting by stakeholders with a plan to purchase crude oil at a cost of $120 million to power the thermal plants.

#Ghana #Nigeria #Oil #Gas

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