Equatorial Guinea, Ghana to sign LNG supply deal

Equatorial Guinea, Ghana to sign LNG supply deal
Ghana president Akufo-Addo (left) and Equatorial Guinea president Obiang Nguema Mbasogo (right)
(Image courtesy of presidency.gov.gh)

Ghana and Equatorial Guinea are closing in on an agreement for the supply of liquefied natural gas (LNG) to augment Ghana’s energy security. 

The two countries have signed a memorandum of understanding in June for the supply of liquefied natural gas from Equatorial Guinea to Ghana.

“My presence here is a consummation of this bilateral agreement, and represents a significant step towards matching Equatorial Guinea’s excess gas supply to Ghana’s ever growing demand,” the country’s president Akufo-Addo said during his three-day official visit to Equatorial Guinea.

He added on Monday that a government-to-government deal is expected to be signed during this week.

Under the heads of agreement, Equatorial Guinea would supply LNG to Ghana for a period of 15 years, with the deal reviewable every five years.

The Memorandum of Understanding provides that Equatorial Guinea will supply the equivalent of 150 million standard cubic feet of natural gas per day to Ghana.

The MoU also provides for the building and operation of an LNG regasification terminal in Takoradi.

Share this article

Follow LNG World News

Events>

<< Oct 2019 >>
MTWTFSS
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening will be returning to Rome in 2019 to celebrate it’s 20th year.

read more >

LNG Bunkering Mediterrean

The only 3-day course offering theoretical and practical training on LNG bunkering designed by the Mediterranean market leaders.   

read more >

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >

FLNG World Congress 2019

2019 FLNG World Congress will bring together stakeholders across the floating liquefaction value…

read more >