The Ghana National Petroleum Corporation (GNPC) and Shell Energy Ghana are exploring opportunities to boost Ghana’s energy security through liquefied natural gas (LNG) supply, renewable energy expansion, and deepwater exploration.
This collaboration aims to enhance energy affordability, support Ghana’s transition to a diversified energy mix, and ensure stable and affordable energy for the country.
In a meeting between Acting GNPC Chief Executive Officer, Edward Abambire Bawa, and Shell Energy Ghana’s Managing Director and Country Chair, Brian Muriuki, both parties reaffirmed their commitment to working together to advance in Ghana’s oil and gas industry.
Shell Energy Ghana, which has been active in LNG supply since 2019, provided updates on its thermal LNG project, which is now 99% complete.
The delegation emphasized Shell’s commitment to enhancing energy security in Ghana, particularly considering recent global energy price hikes caused by COVID-19 and global geopolitical tensions.
The discussions also touched on Shell’s 20% stake in the West Africa Gas Pipeline and the company’s plans to secure additional gas sources for Ghana.
Both parties acknowledged the critical role of natural gas in ensuring stable and affordable energy for the country.
In addition to gas infrastructure, Shell highlighted its 15-megawatts solar energy project in Ghana and its plans to expand renewable energy investments.
The company expressed interest in partnerships with key stakeholders to enhance energy affordability and support Ghana’s transition to a diversified energy mix.
Despite global efforts toward energy transition, Shell emphasized that hydrocarbons will continue to play a key role in meeting Ghana’s energy demands.
The company shared its interest in deepwater exploration in Ghana, revealing that preliminary discussions with the Petroleum Commission are underway.
Shell expressed confidence in Ghana’s hydrocarbon potential, stating that the country remains an attractive destination for upstream investments.
Mr. Edward Bawa welcomed Shell’s renewed interest in deepwater exploration, describing it as a positive development for Ghana’s upstream sector. He reiterated that GNPC is committed to working with partners to optimize the country’s hydrocarbon resources in a sustainable manner.
“Gas is the way forward if Ghana is to fully optimize and gain more value from its hydrocarbon resources,” Bawa stated.
“Ghana needs more gas to meet its energy demands, and GNPC shares the government’s vision of creating an enabling environment for key industry players to invest in the sector.”
At the end, both entities renewed their commitment to partnering, as both GNPC and Shell explore opportunities to enhance LNG supply, expand renewable energy investments, and drive sustainable oil and gas exploration in Ghana.
Source: https://energynewsafrica.com
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