Audio By Carbonatix
An Energy Analyst, Muhammed Amin Adam has said the current delays in the completion of the gas infrastructure project by SINOPEC could result in the harmful practice of gas flaring at the Jubilee oil field.
China’s SINOPEC has threatened to abandon the project because of financial challenges government is having in paying it for pre-financing the project.
The Ghana Gas Company has already hinted the current bottleneck could potentially affect the completion of the project.
This will automatically have implications for the Jubilee Field which analysts have warned can no longer hold gas after June this year.
Mr. Adam who is also the Executive Director of the Africa Centre for Energy Policy explained that the law allows for gas flaring for "operational reasons and you can flare when you are compelled to".
According to him, "when we are not ready with our gas infrastructure they are compelled to flare..."
He however raised concerns about the environmental implications of the process if it happens saying, “when you flare you know the environmental implications of flaring and it’s for this reason Ghana has decided to uphold high levels of environmental standards and therefore if even before we mature into production we are already going to face high environmental risks, then we will not be starting well as a new oil producing country”.
The $700 million Gas infrastructure project is being funded from the $3 billion loan from the China Development Bank (CDB) which is currently delaying.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
High stakes but low expectations ahead of Ukraine talks with Russia and US
55 seconds -
Military played pivotal role in supporting illegal mining fight – Mahama
2 minutes -
STEPHEN OKPOTI MENSAH (Esq.) a.k.a. S.O.
3 minutes -
Amaliba urges coordinated action to clear pavements of hawkers to prevent accidents
7 minutes -
Mahama cuts sod for GAF accommodation project, hands over vehicles to military
8 minutes -
Mahama hails military for restoring calm in Bawku, other conflict areas
16 minutes -
Mahama’s economic reset, good governance continue to anchor happiness and hope of Ghanaians – Ato Forson
21 minutes -
‘I saw people getting shot’: Eyewitness tells of Iran protest crackdown
21 minutes -
Widow succession boosts gender representation in Parliament – Prof. Etse Sikanku
28 minutes -
100 arrested in attack on patient at Akoti Health Centre
34 minutes -
Teachers observe National CPD Day as learners stay home nationwide today
1 hour -
GAF approves promotion of 2 officers
1 hour -
Bawumia takes giant leap towards victory in NPP primaries – Global InfoAnalytics
1 hour -
Ghana Armed Forces roll out self-help projects, housing reforms and welfare initiatives
2 hours -
Three foreign nationals arrested in Sakumono over alleged SIM box fraud
2 hours
