Africa Oil & Gas: Gazprom pens LNG sales deal with GNPC

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Illustration purposes only (Image courtesy of Gazprom)

 

Gazprom’s unit Gazprom Global LNG signed a 12-year gas sales agreement with Ghana National Petroleum Corporation (GNPC) starting in 2019. 

The agreement is the first stage in a planned series of partnerships between GGLNG and GNPC, with both companies working to develop the infrastructure and services required to manage and market the projected gas flows from the region, Gazprom said.

Under the agreement, Gazprom Global LNG will supply the chilled gas to the import terminal at Tema before regasifying it and selling to GNPC.

The project’s proposed technical configuration comprises a floating regasification barge, floating storage unit and a pipeline to an existing gas grid in Tema. The contract with Gazprom is expected to significantly increase energy security in Ghana, providing the country with approximately 250

The contract with Gazprom is expected to significantly increase energy security in Ghana, providing the country with approximately 250 mmcf/d of natural gas, with the contract volumes satisfying more than 1,000 MW of thermal generating capacity.

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