HomeNewsGhana inks 15-year LNG supply deal with Equatorial Guinea

Ghana inks 15-year LNG supply deal with Equatorial Guinea

During a recent visit to Equatorial Guinea, Ghana’s President Akufo-Addo signed a Memorandum of Understanding (MoU) with Equatorial Guinea for the supply of Liquefied Natural Gas (LNG) to assist in meeting Ghana’s energy demands.

The supply agreement includes the equivalent of 150 million standard cubic feet of natural gas per day to Ghana, My Joy Online reported.


President of Equatorial Guinea, Teodoro Obiang Nguema Mbasogo; President of Ghana, Akufo-Addo. Source: My Joy Online

LNG supply to boost economic growth

The MoU includes the construction and operation of an LNG regasification terminal in Takoradi in the Western Region, media highlighted.

Speaking at a State Dinner held in his honour by President of Equatorial Guinea, Teodoro Obiang Nguema Mbasogo, Akufo-Addo said: “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.”

“It is my expectation that during this visit, we shall sign a government-to-government Heads of Agreement for the supply to Ghana of LNG from Equatorial Guinea, for a period of fifteen years, reviewable every five years.’ Read more…

He added: “If cocoa was the first seed to nourish the relationship between our two countries, gas is going to be the second.”

Commenting on the partnership, Akufo-Addo said: “They have laid a solid foundation for the relations between our two countries, on which, with God’s help, I am hoping to help build a bright future of co-operation.”


Featured image: Stock

Ashley Theron
Ashley Theron-Ord is based in Cape Town, South Africa at Clarion Events-Africa. She is the Senior Content Producer across media brands including ESI Africa, Smart Energy International, Power Engineering International and Mining Review Africa.