
Audio By Carbonatix
Two European companies have discovered 1.8 trillion cubic feet of gas in the Western Region.The new gas is expected to support the country’s thermal energy generation and feed the over one billion dollar fertiliser plant currently being built at Nyankrom in the Shama District of the Western Region.The companies, ENI of Italy and Vitol, a Dutch commodities trading company, have already signed a memorandum of understanding (MoU) with representatives of the government and the Ghana National Petroleum Corporation on the operation and management of the new gas field.Under the MoU, ENI will serve as the operator in the development and commercialisation of natural gas reserves discovered offshore at Cape Three Points block.The Minister of Energy and Petroleum, Mr Emmanuel Armah-Kofi Buah, who disclosed this to the Daily Graphic said the companies also discovered a minor indication of oil at the Sankofa Oilfield, situated within the Cape Three Points block.He said the country was on the verge of emerging as a regional energy powerhouse.Mr Buah explained that the two discoveries were different from the gas obtained from the other oilfields.“The discoveries and the volumes give us the hope of more generation capacities now and in the future,” he said.He added that the investment in the processing facility at Atuabo in the Ellembelle District of the Western Region by the government was very strategic, since it would receive the gas from all other fields, apart from the jubilee field, for processing.
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
-
ECOWAS Court dismisses ex-Chief Justice Gertrude Torkornoo’s suit against Ghana
5 minutes -
2026 WASSCE: What SHS graduates should do while waiting for their results
9 minutes -
Boakye Agyarko rallies Upper East NPP stakeholders behind vision for 2028
22 minutes -
France confirms first Ebola case
24 minutes -
Bawumia’s Spokesperson Dr Ekua Amoakoh, earns prestigious U.S. leadership programme nomination
28 minutes -
Afoko says return to NPP leadership driven by push to secure power for Bawumia’s presidency
39 minutes -
France braces for another day of sweltering heat as Europe heatwave spreads
49 minutes -
Climate change is wearing out cocoa farmers, not just trees – Researchers warn
53 minutes -
SEC gives online investment platforms until August 31 to register or risk sanctions
59 minutes -
Weija-Gbawe eye surgery programme restores sight for second cohort of beneficiaries
1 hour -
England Applied for Goals. Ghana Requested Additional Documentation…
1 hour -
31st December Market redevelopment to proceed despite traders’ concerns
2 hours -
MP cuts sod for ultra-modern clinic project in Yaala No. 2
2 hours -
Ginger prices to remain high for two years – expert warns
2 hours -
Prisons officer interdicted for attempting to smuggle Indian hemp into Kete-Krachi facility
2 hours