Additionally, it is important to note whether other infrastructures would have to be built to connect to all the power plants in Tema. And whether, the WAPCO pipeline is going to be used as part of the distribution network for the regasified LNG.
“When is the reverse flow, West to East (W2E), to be completed with compression capability? This has already been captured in GNPC 2018 budget at an estimated amount of US$120 million. How much gas (in mmSCF/day) will be able to flow from W2E?” he quizzed.
Under the agreement, Rosneft would deliver 250 million cubic feet of liquefied natural gas (LNG) to a re-gasification terminal at the Tema Port, to be processed and carried to the GNPC’s Tema Metering Station.
Mr. Frederick Blay, the GNPC Board Chairman, and Igor Ivanovich Sechin, Chief Executive Officer (CEO) and Chairman of the Management Board of Rosneft, initialled the agreement for their respective companies.
The deal is expected to place Ghana at the centre of West Africa’s rapidly growing energy market – provide job openings and building local capacity.
The statement added that the two companies also agreed to deepen their cooperation in the development of the upstream and downstream sectors.
Mr. Blay expressed optimism that through “this strong cooperation, Ghana can also act as a gateway for Russian investment within the wider West African region”.
Notably, Mr Sechin said it was the beginning of a new phase of the development cooperation between Russia and Ghana.
“Ghana has placed itself among dynamically developing world economies with the energy demand growing year on year,” he stated.
Dr. Kofi Kodua Sarpong, CEO of GNPC is quoted as saying, “we are happy to be working with Rosneft on this LNG transaction and already the two parties are looking at greater cooperation and partnership in the upstream sector”.
