The Chief Executive Officer of Ghana National Gas Company Limited (Ghana Gas), Judith Adjobah Blay, has pitched Ghana as a prime destination for energy sector investment, highlighting major expansion projects and the country’s growing role in regional gas infrastructure at the ongoing Global Energy Show in Calgary, Canada.
Addressing international investors, policymakers and industry leaders at one of the world’s largest energy conferences, Ms. Blay outlined Ghana Gas’ contribution to Ghana’s energy security and economy while showcasing investment opportunities that could position the country as a leading gas transmission and energy hub in West Africa.
She noted that Ghana Gas remains the backbone of the country’s midstream gas sector, managing the gathering, processing and transmission of natural gas to power plants and industrial consumers across the country.
According to her, the company currently supplies about 84 percent of the fuel used by Ghana’s thermal power plants, which generate nearly 60 percent of the country’s electricity. This, she said, contributes to annual fuel cost savings estimated at US$1.3 billion, with an additional US$60 million saved through the supply of Liquefied Petroleum Gas (LPG).
Madam Judith Adjoba Blay also highlighted the economic impact of the company’s Gas Processing Plant, which produces condensate used in the production of premix fuel for fishing communities. She explained that the initiative has significantly reduced premix fuel costs and government subsidy expenditure by more than 60 percent.
On regional integration, the Ghana Gas CEO underscored the company’s partnership with the West African Gas Pipeline (WAGP), describing it as a major milestone that has strengthened gas transportation within the sub-region.
She explained that the integration of Ghana Gas infrastructure with the WAGP network in 2018 enabled the bidirectional flow of gas, transforming Ghana from a gas-importing endpoint into an active player in the regional gas transmission market.
Ms. Blay further revealed that Ghana Gas is a stakeholder in the proposed African Atlantic Gas Pipeline project, which seeks to connect Nigeria and Morocco through several African countries, including Ghana. She said the project presents significant opportunities for investment while enhancing energy trade between Africa and Europe.
Touching on future energy security, she described Liquefied Natural Gas (LNG) as a critical component of Ghana’s long-term strategy to ensure reliable fuel supply for power generation.
She indicated that although Ghana has already invested in LNG infrastructure and terminal facilities, future imports will depend on favourable market conditions and pricing structures that support affordable electricity tariffs.
The Ghana Gas CEO also announced a series of strategic projects aimed at expanding the country’s gas infrastructure and attracting new investment.
Among the flagship projects are the construction of a Second Gas Processing Plant (GPP II), the development of a 300-kilometre onshore gas transmission pipeline, and the Pentane Monetisation Project.
She said growing demand for natural gas makes additional processing capacity necessary, while the proposed transmission pipeline will connect key industrial centres and resource corridors across the country.
Ms. Blay added that Ghana Gas is investing in technology to eliminate the flaring of pentane and other hydrocarbons associated with gas processing. The initiative, she noted, will improve operational efficiency, create value from previously wasted resources and support the company’s environmental, social and governance (ESG) commitments.
Making a case for investment in Ghana, she cited the country’s stable political environment, strong legal and regulatory framework, respect for property rights and favourable business climate as key factors that make it an attractive destination for long-term capital.
She also stressed that Ghana’s strategic location places it in a unique position to serve as a major transit and aggregation hub within the regional gas value chain.
Concluding her address, Ms. Blay reaffirmed Ghana Gas’ commitment to supporting Ghana’s industrialisation agenda, strengthening energy security and deepening regional energy cooperation.
Source: Starrfm.com.gh
