Gasol LNG Import Inks Ghana Supply Deal

Gasol said that its subsidiary, Gasol LNG Import Limited, has signed a conditional long term Gas Supply Agreement (GSA) with the major power generation company in Ghana, the Volta River Authority. The daily contract quantity under the agreement is 100 mmscfd.

The GSA with the Volta River Authority follows on from the signature of the joint venture agreement, announced in April of this year, between Gasol’s affiliate African Power Generation Limited (Afgen) and Ghana National Gas Company Ltd (GNGC). Under the terms of the joint venture agreement, Afgen and GNGC have agreed to cooperate on the marketing of regasified liquefied natural gas from Bénin and the development of an LNG solution for Ghana.

Gasol has already concluded a Gas Supply Agreement with the Communauté  Electrique du Bénin, the electricity authority for Bénin and Togo, with a daily contract quantity of 60 mmscfd.

Today’s announcement means that Gasol LNG Import now has sufficient gas offtake agreements in place to progress with the development of its proposed LNG Import and regasification facilities to be located in Cotonou harbour, Bénin.

Press Release, May 30, 2014

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