Ghana’s state-owned oil and gas marketing company GOIL PLC has announced plans to commission 12,000 metric tons of liquefied petroleum gas storage capacity through 2026, backed by a $50 million investment package. The project comes as the country strives to meet rising demand for LPG, where current storage capacity only covers two to three weeks of national consumption.
In 2024, Ghana’s baseline consumption reached 340 million kilograms. With the additional storage capacity, GOIL PLC aims to support fuel security by strengthening LPG storage and distribution infrastructure.
Edward Abambire Bawa, Group CEO and Managing Director of GOIL PLC, highlighted the urgency of the expansion. “This storage limitation is a challenge and a prime investment opportunity. Expanding infrastructure is fundamental to unlocking the full monetization potential of LPG, benefiting producers, distributors and end-consumers alike,” Bawa stated.
GOIL PLC’s gas and infrastructure expansion efforts also include the launch of multiple autogas stations across five regions and a polymer-modified bitumen terminal in Tema, demonstrating the company’s comprehensive approach to meeting Ghana’s growing energy needs.
Source: energycapitalpower.com