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Ghana proves gas can address energy poverty

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Ghana has proven that gas can address energy poverty. Image credit: Wikipedia

31 July 2021 – Through gas directed investment and business friendly policies, Ghana has proven that gas can address energy poverty and expand power accessibility on a regional basis.

As one of Africa’s leading natural gas producers, Ghana has demonstrated how, through gas directed investment and the right policy, the resource can address energy poverty and expand power accessibility on a regional basis.

Specifically, Ghana’s recognition of the value of LNG as a cleaner, more accessible, and increasingly secure energy source has led to the development of large-scale Liquefied Natural Gas (LNG) facilities, positioning the country as a both a regional power producer and LNG exporter.

The Tema LNG Terminal, for example, serves as sub-Saharan Africa’s first LNG power generation facility, and holds the capacity to receive, store, regasify and deliver 3.4 million tons of LNG per year.

In conjunction with the Sankofa Gas Project – a 1,000MW gas-to-power project that provides over 1.6 million households with a consistent power supply – the Tema LNG Terminal is positioning Ghana as an African leader and global competitor in natural gas developments.

The African Energy Chamber (AEC) recently announced that Ghana will be hosting a pavilion at the African Energy Week (AEW) 2021 taking place in Cape Town on the 9th-12th of November 2021.

Led by Dr. Matthew Opoku Prempeh, Ghana’s Minister of Energy, as well as a delegation of industry leaders including Dr. K. K. Sarpong, CEO of the Ghana National Petroleum Corporation, the pavilion represents a new exhibition format that emphasises specific market opportunities and will showcase Ghana’s existing energy developments, upcoming projects, and lucrative investment opportunities.

Specifically, Ghana’s pavilion will highlight the value of LNG as a power generation solution, providing an in-depth view of the current market and the enabling regulation driving progress and expansion.

In addition to directing investment in the natural gas sector, Ghana’s pavilion will emphasise the various upstream opportunities prevalent in the country.

Notably, the country has made significant progress in advancing exploration and production within the oil sector, in which the presence of global oil majors has only accelerated progress.

In addition to ongoing involvement by Italian multinational Eni and deepwater exploration company Kosmos Energy, Ghana’s national oil company has emerged as a competitive participant in the country’s burgeoning oil sector. By showcasing the country’s oil sector achievements thus far, emphasising the role that the Ghana-based Springfield E&P Ltd. has played in expanding the sector, the pavilion will highlight that Ghana is a force to be reckoned with, and that oil continues to play a valuable role in Africa’s energy future.

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