Ghana’s determination to become sub-Saharan Africa’s first LNG importer in 2020 is set to become reality as the Tema LNG terminal project nears completion.
In its African Energy Outlook 2020 report launched last month, the African Energy Chamber (“The Chamber”) highlighted the importance of increased infrastructure capacity in Africa’s long-term industrial development.
Spotlighting the $12 billion Dangote Refinery in Nigeria and Ghana's Tema LNG Terminal, the Chamber noted the essential role such projects play in revamping the sector and creating opportunities for private sector investors. “At a time when the low oil price is gripping treasury revenues, private capital is developing key oil and gas infrastructure projects which could have a significant impact on the African energy and power landscape over the next decade,” the report said. On the Dangote Refinery, the Chamber called attention to the current state of Nigeria’s infrastructure and the contribution the project would have specifically as the country works towards tripling its refining capacity to 1.5 million bpd by 2025 as a means to reduce its reliance on fuel imports. To this, the report said, “the refinery’s tank farms are set out for completion in Q4-19 and they may be used as a depot before the refinery’s production starts. This would provide an immediate increase to fuel storage capacity.” Ghana’s determination to become sub-Saharan Africa’s first LNG importer in 2020 is set to become a reality as the Tema LNG terminal project nears completion. The project will be able to cover 25 percent of Ghana’s total electricity generation capacity, with gas providing a cheaper alternative to oil. “The deal with Rosneft enables Ghana to diversify gas imports away from Nigeria, which has consistently failed to provide the agreed level of supply since the West African Gas Pipeline started operating (back in November 2011),” the Chamber explained.It added in the report that the emergence of offshore storage and regasification technology is enabling smaller, lower-risk, rapid LNG solutions that could be replicated elsewhere in the region in countries with substantial gas reserves.
Now available for free download on the website, the African Energy Outlook 2020 also features the 25 Movers and Shakers to Watch list which highlights key industry players that are set to have a great impact on the future of Africa’s energy and economic development.The list includes Donald J. Trump President of The United States of America; Mustafa Sanalla Chairman, National Oil Corporation, Libya; Abdel Fatah Al-Sisi President Of Egypt; Dr Omar MithaÌ Chairman & Ceo, Enh Mozambique and Tope Shonubi Managing Director, Sahara Energy.
The African Energy Outlook 2020 is now available on www.EnergyChamber.org
Latest Stories
-
President Akufo-Addo extends Easter Greetings to Ghanaians, urges safe drive
18 mins -
Government pushes for use of more local materials in housing, other infrastructure projects
51 mins -
Dr Bawumia extends Easter greetings to Christians
1 hour -
CAF Confederation Cup: ‘Ghanaians should expect victory against Stade Malien’ – Dreams FC forward Ishmael Dede
2 hours -
CAF Confederation Cup: ‘We want to go there and win’ – Karim Zito on Stade Malian clash
2 hours -
Togbe Adzie Lãkle Howusu XII endorses youth leadership as New Force Movement gains momentum
2 hours -
Public Utility Workers Union appeals to PURC to address power crisis
3 hours -
Anbariya loses another appeal in Kumasi as Appeal Court ratifies High Court ruling against the Islamic Institute
3 hours -
Highway construction health hazard: Ofankor-Pokuase-Nsawam residents appeal for dust relief
3 hours -
SuperJazzClub releases its first single of the year ‘Off’
3 hours -
Methodist Church to lobby Akufo-Addo for expedited assent to anti-LGBTQI+ Bill
3 hours -
Spare health facilities from unplanned ‘dumsor’ – Minority to government
4 hours -
Eritrea Observed World Tuberculosis (TB) Day 2024
4 hours -
Just give us ‘dumsor’ timetable to plan our operations – GMA tells ECG
4 hours -
Parliament petitions Chief Justice for an expedited hearing of cases against anti-LGBTQI+ Bill
4 hours