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The Chief Executive Officer (CEO) of the Ghana National Petroleum Corporation (GNPC) has underlined the need for a resilient gas infrastructure to supply reliable and adequate gas for national economic development.
He reported that the construction of a regasification plant in Ghana would ensure stable gas supply, which is essential for the growth and expansion of Ghana’s robust economy.
Dr Kofi Kodua Sarpong said other gas supply sources in Ghana had some challenges, so the plant needed to ensure a stable gas supply and act as a lender of last resort for the sector.
GNPC CEO said: “People say there would be too much gas on the market, I can tell you that in the last two years, gas extraction from our fields has increased significantly, suggesting that the measure of economic development of Ghana was going up to “.
He noted that if Ghana had enough gas, the government would not import gas from Nigeria for power generation.
Dr Sarpong said: “Others would say, if you have the Nigerian source, why do you bring this one? We bring this in because, having LNG in the fuel mix is an advantage,… because the Nigerian gas line can sometimes get blocked;
“Even in our own field, for most of the past year, the Tain field was practically inactive; Jubilee would produce, but sometimes when they rise to a certain level, their plants skyrocket, and even the fields of Sankofa have their own absurd conditions. So if LNG is coming then it has a stable supply because there would be another source of power supply etc. ” He explained.
Explaining the misconception surrounding LNG, Dr. Sarpong said that the gas became liquefied because it was not easy to transport large volumes of gas in its containers in raw form. “Then you put it in liquid, and when you do it, you can compress it and therefore it is possible to transport large volumes in marine vessels.”
He indicated that the Tema terminal would be used to regasify LNG before it could be used for power plants.
The CEO said this was beneficial to the government because crude fuel used to be more expensive than gas. “Plants like Ameri and Asogli could be replaced with gas and the advantages are quite obvious: it is cheaper and cleaner,” he said.
“Therefore, it is more environmentally friendly than liquid fuels that we know, and cheaper in the sense that it can be up to 30% cheaper than ordinary fuels such as crude oil, diesel, etc. in the different types ”, added the CEO. .
The Regasification Plant in Tema has three main components, which are the floating regasification unit where the liquid is converted back into gas, the floating storage capacity unit and a set of marine pipelines.
“So it is an interesting, sophisticated and complex terminal built in Ghana, with a storage unit of approximately 600 million standard cubic feet,” said Dr. Sarpong.
Source: GNA
