• About
  • Advertise
  • Privacy Policy
  • Contact
Tuesday, September 23, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Ghana set to receive first cargo of LNG at end of May- S&P Global Platts

Stephen M.Cby Stephen M.C
May 8, 2021
Reading Time: 3 mins read
Stephen M.Cby Stephen M.C
in Extractives/Energy, Sub Top Stories, Sub Top Stories2
0
energy

Petroleum and Energy plant

The supply of Liquefied Natural Gas (LNG), after being delayed in March is set to arrive at the Tema LNG terminal at the end of May, S&P Global Platts confirms.

The project consists of a dedicated floating regasification vessel and a separate LNG storage vessel and has the capacity to import 1.7 million tonnes per year of LNG. The project is backed by Helios Investment Partners and Africa Infrastructure Investment.

According to the spokesman for the project, “the project is operationally ready, and is currently awaiting an agreement between Shell and GNPC on the first delivery date,” S&P Global Platts indicated.

RelatedPosts

ASEC Rejects ECG Tariff Hike, Demands Accountability First 

Ghana Reaffirms Nuclear Energy Commitment at IAEA Conference

President Mahama to Launch “Accra Reset” at 80th UN General Assembly

Shell has been chosen as the supplier of LNG under the contractual agreement involved in the operation of the LNG Terminal. Accordingly, Shell said in a strategy presentation in February that it wanted to grow its LNG market footprint by creating new markets.

However, as at May 5, a Shell spokeswoman averred that the company was unable to give any information on timings for the first cargo.

Essentially, the project began construction in 2018 and has experienced numerous delays since. Once in operation, Tema LNG Terminal will operate the USD350mn project for 12 years, after which the terminal operatorship will be transferred to the Ghana National Petroleum Corporation (GNPC) and the Ghana Ports and Harbours Authority (GPHA).

LNG importation and counter findings from ACEP

According to Platts, in March, France-based certification company Bureau Veritas (BV) completed the classification of Ghana’s dedicated LNG regasification vessel, the Torman, which arrived in Ghana from China in January.

Also, the LNG storage vessel, the Vasant, is currently headed for Tema. After being chartered to act as the dedicated storage vessel for the Ghana LNG project.

These notwithstanding, this comes at a time when a number of LNG export projects are largely operational across North and West Africa. But Egypt in 2015 became the first and only country in all of Africa with a terminal to import LNG. Nonetheless, this is set to change as Ghana prepares to begin LNG imports.

However, the Africa Centre for Energy Policy (ACEP), during a policy briefing underscored that the government could save the country the loss of more than $300 million from the supply of LNG.

Among the concerns raised by the Energy think tank, is the government’s repression of existing capacities of domestic sources of gas supply. Also, ACEP indicated that the cost of the LNG is more than imports from Nigeria via the West Africa gas pipeline (WAGP).

Accordingly, ACEP findings show that Ghana has very little industry support for the pursuit of LNG. However, contrary to this assertion by ACEP, GNPC maintains that there is a ready market for the LNG. On this account therefore, ACEP noted that GNPC risks tons of tax payers’ money to serve as an offtaker to the contract.

On top of this, the Think Tank indicated that there was no single binding contract between GNPC and any potential buyer as at March 2021.

READ ALSO: Dr. Amoah urges Ghana to practice protectionism

Tags: EnergyEnergy Ministryenergy sectorExtractivesgasPlatts
Please login to join discussion
Previous Post

#FixTheCountry: Sarkodie finally breaks silence

Next Post

The Lovense Lush 3 is one of the best hands-free sex toys

[mc4wp_form id="1264"]

Related Posts

BECE placement hits record high
General News

2025 BECE Placement Hits Record Candidate Numbers

September 23, 2025
Barima Sidney Breaks Silence On Hiatus From Music Production
Entertainment

Highlife Music Set for Revival Through Online Platforms

September 23, 2025
China Establishes “Strategic Partnership” With Palestinian Authority
Asia

Three-Quarters Of UN Membership Recognize Palestinian Statehood

September 23, 2025
Congo Refuses To ‘Auction’ Mineral Resources
Africa

Congo Refuses To ‘Auction’ Mineral Resources

September 23, 2025
Lands Ministry Insists State of Emergency on Galamsey Not Immediate
General News

Fix The Country Demands Action as Galamsey Crisis Deepens

September 23, 2025
IMANIFesto Examines Parties’ Solutions to Ghana’s Energy Crisis 
Extractives/Energy

ASEC Rejects ECG Tariff Hike, Demands Accountability First 

September 23, 2025
BECE placement hits record high
General News

2025 BECE Placement Hits Record Candidate Numbers

by Lilian AhedorSeptember 23, 2025
Barima Sidney Breaks Silence On Hiatus From Music Production
Entertainment

Highlife Music Set for Revival Through Online Platforms

by Esther Korantemaa OffeiSeptember 23, 2025
China Establishes “Strategic Partnership” With Palestinian Authority
Asia

Three-Quarters Of UN Membership Recognize Palestinian Statehood

by Comfort AmpomaaSeptember 23, 2025
Congo Refuses To ‘Auction’ Mineral Resources
Africa

Congo Refuses To ‘Auction’ Mineral Resources

by Lawrence AnkutseSeptember 23, 2025
Lands Ministry Insists State of Emergency on Galamsey Not Immediate
General News

Fix The Country Demands Action as Galamsey Crisis Deepens

by Silas Kafui AssemSeptember 23, 2025
IMANIFesto Examines Parties’ Solutions to Ghana’s Energy Crisis 
Extractives/Energy

ASEC Rejects ECG Tariff Hike, Demands Accountability First 

by Prince AgyapongSeptember 23, 2025
BECE placement hits record high
Barima Sidney Breaks Silence On Hiatus From Music Production
China Establishes “Strategic Partnership” With Palestinian Authority
Congo Refuses To ‘Auction’ Mineral Resources
Lands Ministry Insists State of Emergency on Galamsey Not Immediate
IMANIFesto Examines Parties’ Solutions to Ghana’s Energy Crisis 
[/vc_row_inner]

Recent News

  • 2025 BECE Placement Hits Record Candidate Numbers
  • Highlife Music Set for Revival Through Online Platforms
  • Three-Quarters Of UN Membership Recognize Palestinian Statehood
  • Congo Refuses To ‘Auction’ Mineral Resources
  • Fix The Country Demands Action as Galamsey Crisis Deepens
The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.