The Ghanaian government has announced plans to construct a second gas processing facility to supplement the existing Atuabo Gas Processing Plant. The initiative is expected to stabilize natural gas prices and lower electricity costs in the country.
Energy Minister John Jinapor confirmed that the project had received cabinet approval and would be developed in collaboration with the Ministry of Finance. The Centre for Environmental Management and Sustainable Energy (CEMSE) has praised the move, highlighting its potential to reduce Ghana’s dependence on imported natural gas from Nigeria.
According to Benjamin Nsiah, Executive Director of CEMSE, “Once the new facility is completed, Ghana will have the capacity to supply its own natural gas, which will significantly lower costs and reduce the impact of global energy price fluctuations on local consumers.”
Ghana currently faces high gas processing costs, estimated at $8 per British thermal unit (BTU). The new facility is expected to reduce this to $5-$6 per BTU, leading to a decline in electricity tariffs over time.
Source: GhanaWeb
