Gasol Sings MoU with Ghana Gas

Gasol plc, the West African energy development company, said that its affiliate, African Power Generation (AfGen), has signed a Memorandum of Understanding with Ghana National Gas Company (Ghana Gas) in relation to the development of a number of specific projects aimed at providing additional gas to Ghana, as well as supporting, in a complementary manner, the longer term security of gas supply needed to address the nation’s power generation deficit.

Under the Memorandum of Understanding, AfGen and Ghana Gas propose amongst others to explore the establishment of various joint venture arrangements for the supply of imported natural gas, into Ghana as well as the downstream sale and marketing of gas to power generators and industrial/mineral processing enterprises in Ghana.  Gasol has already previously entered into similar arrangements for the marketing of natural gas in other West African countries, including Benin and Togo, and will work with AfGen to create a strategic and mutually supportive partnership with Ghana Gas .

Alan Buxton, Chief Operating Officer at Gasol, said:  “We are very pleased that Ghana Gas has agreed to explore collaboration with AfGen in a broadly defined partnership, including the importation and supply of non-indigenous gas to customers in Ghana, thereby assisting in bridging the Ghanaian gas deficit for power generation, serving industrial/mining users and assisting in progressing the Government of Ghana’s Better Ghana Agenda. We look forward to developing the relationship established which is a platform for building a mutually beneficial and long term partnership.”

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LNG World News Staff, February 28, 2013; Image: Gasol