Ghana to Lead Work on Establishment of Regional Gas Company

Ghana will lead the establishment of a regional gas company to help deal with issues associated with the supply of natural gas, LPG, regasification units in the region, reports myjoyonline.com.

Other countries from the region include Nigeria, Côte d’Ivoire, and Equatorial Guinea.

In Accra this week, Ghanaian energy minister Emmanuel Armah-Kofi Buah and Ivorian minister of mines, petroleum & energy Adama Toungara pledged their commitment to the project, the website notes.

Armah-Kofi Buah said the decision to establish such a strategic gas company to supplement energy needs of member countries was reached at the 16th Gulf of Guinea Oil & Gas Conference (GOG16) held in Abidjan last year.

“What is left is for us participating countries to ask our national oil companies to work on the economic feasibilities of this company so we can meet at the level of ministers to present economic report and the next step will be to set up the regional oil company,” Toungara said.

Côte d’Ivoire is currently investing heavily in its neglected energy infrastructure as part of an economic revival that follows years of political unrest, while Ghana on its part has also suffered some delays in completing its gas infrastructure project in the Western Region, hence the need for such project to augment government’s effort to meet the energy needs of the country, says myjoyonline.

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