Government, Quantum Power to hold workshop on LNG

The Ministry of Energy and Petroleum will on Thursday, September 26,2013 host a two-day international workshop on Liquefied Natural Gas (LNG) negotiations for power producers, industrial gas users and general stakeholders in the gas industry.

The event, which is being organised in collaboration with Quantum Power Ghana Gas Ltd, is in conformity with the ministry’s agenda of encouraging a creative private-sector-led LNG solution for the country in which power generators could arrange imports of LNG to feed their businesses.

A statement signed by Mr Edward Bawah, communications consultant to the ministry, said “government believes that to raise living standards through industrialisation and to become a regional electrical power hub for the West Africa sub-region, Ghana must supplement its indigenous gas production and supplies from Nigeria with LNG imports.”

It said Quantum Power Ghana Gas Ltd are currently developing LNG reception, storage, regasification and delivery infrastructure to support LNG imports by industrial scale gas users in Tema.

“The Ministry of Energy & Petroleum is providing concrete support to such private LNG initiatives in two ways. It is providing technical capacity-building for gas stakeholders.  Additionally, in order to achieve the lowest possible priced LNG, the ministry is engaging friendly LNG exporting governments to support long term LNG supply agreements to off-takers in Ghana,” it said.

The statement said the LNG workshop to be held at the Labadi Beach Hotel, in Accra, would be run by internationally recognised LNG experts who would “lead discussions on global and Atlantic basin LNG markets, commercial and technical agreements involved in establishing an LNG supply chain and key commercial and legal issues that drive LNG supply negotiations.”