Ghana is set to start receiving natural gas from Equatorial Guinea by 2026, a move that should give the West African nation a much sturdier backup supply and reduce its dependence on any single gas source for power generation.
The plan follows talks between Ghana’s Energy Minister, Dr Matthew Opoku Prempeh, and his Equatorial Guinean counterpart, Gabriel Mbaga Obiang Lima, aimed at nailing down the details of a supply agreement. Ghana currently leans heavily on the West African Gas Pipeline along with domestic output from the Jubilee and TEN fields, and officials see the new arrangement as a hedge against disruptions to those existing sources.
Technical teams from both countries still need to work out pricing, transport logistics and infrastructure requirements, with the gas likely arriving via LNG carriers that would need regasification facilities on the Ghanaian side. For Equatorial Guinea, a significant gas producer in its own right, the deal opens up a valuable new market. For Ghana, it promises steadier, more competitive energy costs for the thermal plants that generate much of the country’s electricity.
Source: (ghanaweb.com)