Ghana has unfolded plans for improved supply of natural gas from Nigeria through the West African Gas Pipeline (WAPG) scheme due to the inadequacy of stock currently being supplied to the country under the current agreement with Nigeria, The Guardian reports.
Ghana has in recent times bemoaned the under-utilisation of multi-billion dollar pipeline, which supplies a paltry 50 million scfpd to the country, out of its 460 million scfpd capacity. The Chief Executive Officer, Ghana National Petroleum Corporation (GNPC), Alexander Koffi-Mensah Mould, said on the sidelines of the Offshore West African Conference and Exhibition (OWA) in Lagos recently, that his nation feels aggrieved with the situation and seeks review of the gas supply contract signed about 10 years ago.
Mould said Ghana would welcome discussions with the Nigerian National Petroleum Corporation (NNPC) on the matter, as according to him the poor utilisation of the abundant gas resources in Nigeria is causing a setback for both nations in terms of electricity generation and thereby hindering industrial growth.
He also disclosed that his country is presently working on a new Liquefied Natural Gas (LNG) plant with a capacity to produce 500 million scfpd and expected to be completed by the end of this year.He also noted that there are discussions going on between the private sector on how Nigeria could invest in the gathering system to move the gas into the pipeline leading to the plant.