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in Extractives/Energy

Eni Ghana Boosts Domestic Gas Supply with OCTP System Upgrade

Prince Agyapongby Prince Agyapong
July 16, 2025
Reading Time: 4 mins read
Eni Ghana

Eni Ghana

In a decisive move that underscores Ghana’s accelerating shift toward cleaner and more reliable energy, Eni Ghana and its partners have successfully expanded the country’s natural gas processing capacity, marking a new milestone in the nation’s energy journey. 

Eni Ghana, together with its Offshore Cape Three Points (OCTP) partners, Vitol Upstream Ghana Ltd (Vitol) and the Ghana National Petroleum Corporation (GNPC), completed a major upgrade to its Non-Associated Gas (NAG) processing system. 

This upgrade increased gas processing capacity from 246 million standard cubic feet per day (MMSCFD) to 270 MMSCFD, marking another milestone in the country’s effort to secure cleaner, more sustainable energy solutions.

Maurizio Pinna, Managing Director of Eni Ghana, described the achievement as a testament to the strength of the partnership between Eni, Vitol, and GNPC, and their shared vision for Ghana’s energy future. 

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“This upgrade reflects the strength of our partnerships and our shared commitment to Ghana’s energy transition and long-term sustainability.”

Maurizio Pinna, Managing Director of Eni Ghana
GUISEPPE VALENTI
Maurizio Pinna, Managing Director of Eni Ghana

Since its operationalization in August 2018, the OCTP project has become a cornerstone of Ghana’s domestic gas supply, accounting for nearly 70% of the total supply, with the majority directed toward electricity generation. 

From an initial processing rate of 210 MMSCFD, the project has steadily grown in capacity through strategic optimization, reaching its latest peak performance this month.

Natural gas from OCTP now powers approximately 34% of Ghana’s electricity supply, a crucial contribution to both energy stability and environmental stewardship. 

With the new upgrade, the nation is poised to further reduce its reliance on oil-based power generation, curbing emissions and decreasing costs for power producers and consumers alike.

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Increase Gas Supply

Eni Ghana 3
Eni Ghana

The latest development is expected to generate considerable benefits for Ghana. By optimizing its natural gas output, Ghana reinforces its national strategy to diversify its energy sources while lowering its carbon footprint. 

“This recent advancement not only increases gas supply but significantly reduces Ghana’s reliance on oil-fueled power generation.

“It delivers both economic and environmental benefits and reinforces the country’s commitment to a cleaner, more sustainable energy future.”

Maurizio Pinna, Managing Director of Eni Ghana

The OCTP project is a joint venture with Eni as the operator holding a 44.4% stake, Vitol with 35.6%, and GNPC with 20%. 

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The collaboration has not only focused on upstream gas and oil operations but has also included extensive community development programs. 

These initiatives encompass local training, economic diversification, water and sanitation projects, and expanded access to energy, further underlining the partners’ dedication to sustainable development in Ghana.

Eni has had a presence in Ghana since 2009, engaging in offshore hydrocarbon exploration and production. The company’s current equity production stands at about 34,000 barrels of oil equivalent per day. 

Gas Supply
Gas Supply

The OCTP’s sustained performance and capacity upgrades are a testament to the effectiveness of long-term investment, technical expertise, and public-private collaboration in advancing national energy goals.

As the energy landscape continues to evolve globally, Ghana’s increasing dependence on domestically sourced natural gas signals a positive trend toward energy self-sufficiency and resilience. 

The strategic positioning of OCTP as both an economic asset and an environmental lever highlights the multifaceted impact of natural gas in Ghana’s energy mix.

Looking ahead, continued support from partners and policymakers will be critical in maintaining momentum toward broader clean energy adoption. 

The OCTP upgrade represents more than just an infrastructure improvement; it is a signal of Ghana’s intention to lead in sustainable energy innovation across the region.

With this latest achievement, Eni Ghana and its partners reaffirm their role as key enablers of national development, balancing growth, environmental responsibility, and energy security.

READ ALSO: Ghana Edges Closer to Debt Relief as Finance Minister Hails “Monumental Step” After China Talks

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Tags: ENI GhanaGhana energy transitionGNPCNon-Associated Gas systemOCTP project Ghana
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Unlike previous periods where earnings were significantly supported by impairment recoveries, CalBank's latest results demonstrate that its profitability is now being powered largely by the strength of its underlying banking business. Core Banking Business Drives Exceptional Earnings One of the biggest highlights of the first half performance was the remarkable growth in net interest income, which surged by 83 percent to GHS347.5 million. The increase came despite a relatively lower interest rate environment. Interest income rose from GHS399 million to GHS451.5 million as the bank continued expanding its earning assets. At the same time, funding costs fell sharply, with interest expenses dropping from GHS209 million to GHS104 million. This significant reduction in funding costs improved the bank's profitability and demonstrated stronger balance sheet management. CalBank also recorded exceptional growth from non interest income sources as it continued diversifying its revenue streams. Net fees, commissions, and trading income almost doubled, rising by 99 percent to GHS323.3 million from GHS162.7 million during the same period last year. The strong performance reflects increased customer activity across the bank's retail, commercial, and corporate banking segments. The diversified earnings profile places CalBank in a stronger position to withstand changing market conditions while maintaining sustainable profitability. Stronger Earnings Quality Boosts Investor Confidence Perhaps the most significant aspect of CalBank's results is the improved quality of its earnings. During the first half of 2025, impairment recoveries contributed approximately GHS154 million to profits. However, in the latest reporting period, impairment gains accounted for only GHS7 million. This means the overwhelming majority of profits were generated through normal banking operations rather than one off recoveries. 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