• About
  • Advertise
  • Privacy Policy
  • Contact
Friday, February 3, 2023
  • 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 Gas Signs Historic MoU with Nigerian National Petroleum Company to Join Gas Supply to Europe

December 20, 2022
Stephen M.CbyStephen M.C
in Extractives/Energy
0
Ghana Gas Signs Historic MoU with Nigerian National Petroleum Company to Join Gas Supply to Europe

The Ghana National Gas Company together with the national gas companies of Gambia, Guinea, Guinea Bissau and Sierra Leone, have signed a historic Memorandum of Understanding (MoU) with the Nigerian National Petroleum Company (NNPC) and the Office National de Hydrocarbures and Des Mines of Morocco (OHNYM) to supply gas to Europe.

The Company Secretary and General Manager in charge of the Commercial Legal division of Ghana Gas, Mrs. Sylvia Assimeng Archer, led the Ghana Gas delegation to Morocco and signed the MOU on behalf of the Chief Executive Officer of the company, Dr. Ben K.D Asante.

The MoU is with regards to a Nigeria Morocco Gas Pipeline, a 5600-kilometer trans-African line that will connect Nigeria to Morocco, traversing Ghana and other Ecowas countries along the route.

RelatedPosts

Oil Weakens As Market Awaits Signs Of China Demand Recovery

Newmont Obliges To Ghana’s Tax Laws, Pays Gh¢184.6m As Dividends To Government

Shell Capitalizes On The Season, Makes The Highest Profit in 115 Years

The idea for the pipeline, a joint initiative between the Federal Government of Nigeria, and the Kingdom of Morocco was conceived in 2016. Meanwhile, plans are afoot to further extend this line to Europe in the future.

The Ghana National Gas Company, having cemented itself as the nation’s premier midstream gas business company that owns and operates the infrastructure required for gathering, processing, transporting and marketing of national gas resources in Ghana and internationally entered into this agreement which has the potential to transform the economic landscape of all countries involved.

To highlight the key role Ghana plays in this, Takoradi has been earmarked as one of the three sites to house compressor stations along the pipeline.

Potential Benefits of the Pipeline

The myriad potential benefits of this pipeline which is to boost economic livelihoods of the populace of the countries involved cannot be overstated.

This will include energy self-sufficiency, economic integration, and strengthening of the industrial sectors, with resultant job creation. Natural gas will support economic development in agriculture, hydrocarbons and mines.

The project will certainly result in a general increase in the standard of living of the 340 million people this project is expected to impact. The Ghana Gas is well positioned to be able to collaborate and partner to work towards successful implementation of the project.

Sylvia Archer, in her remarks on behalf of the CEO, Dr. Ben Asante, emphasised the historic nature of this milestone agreement and its overarching importance to all the countries involved.

Sylvia Archer commended the NNPC and ONHYM for their leadership and partnership in the project and affirmed the commitment of Ghana Gas Company to ensuring the success of this endeavor.

Mr. Mele Kyari, group chief executive officer (GGCEO) of NNPC, on his part, said Africa stands to benefit immensely from the execution of the project which extends beyond the supply of gas to energize the countries along the route.

Mr. Baboucarr Njie, the Managing Director of Gambia’s National Petroleum Company (GNPC), highlighted the fact that his country’s prospects for hydrocarbons has been encouraged by recent similar discoveries in neighboring Senegal and Mauritania. He added that the opportunity presented by the NMGP project will tremendously boost their chances to discover natural gas in the Gambia.

Once completed, the pipeline is expected to transport about three billion cubic feet of gas per day from Nigeria to Morocco, and eventually onward to Europe.

READ ALSO: Kevin Rudd Appointed As Australia’s Ambassador To U.S

Tags: Ghana GasGNPCHydrocarbures and Des Mines of MoroccoMoUNigerian National Petroleum Company

Related Posts

Oil Weakens As Market Awaits Signs Of China Demand Recovery
Extractives/Energy

Oil Weakens As Market Awaits Signs Of China Demand Recovery

February 3, 2023
Newmont Obliges To Ghana’s Tax Laws, Pays ¢184.6m As Dividends To Government
Extractives/Energy

Newmont Obliges To Ghana’s Tax Laws, Pays Gh¢184.6m As Dividends To Government

February 3, 2023
Shell Capitalizes On The Season, Makes The Highest Profit in 115 Years
Business

Shell Capitalizes On The Season, Makes The Highest Profit in 115 Years

February 2, 2023
Angola Exempts Chevron from Offshore Drilling Environmental Policies, Allowing it to Dump Oil Waste into the Ocean
Extractives/Energy

Energy Ministry Cancels Oil Block Negotiations with Eni and Three Others

January 31, 2023
Ghana Needs Over US$ 562 billion To Attain Its Net Zero Carbon Emission Target
Extractives/Energy

Ghana Needs Over US$562 billion To Attain Its Net Zero Carbon Emission Target

January 29, 2023
Oil Prices Advance for A Second Session In a Row on the Prospects of Chinese Recovery and US Growth
Extractives/Energy

Oil Prices Advance for A Second Session In a Row on the Prospects of Chinese Recovery and US Growth

January 27, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Previous Post

Kevin Rudd Appointed As Australia’s Ambassador To U.S

Next Post

EIB Climate Survey: 88% Of African Respondents Believe That Climate Change Is Already Affecting Their Everyday Life

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.
Be Careful Of The People You Discuss Your Marital Affairs With – Counsellor
Entertainment

Be Careful Of The People You Discuss Your Marital Affairs With – Counsellor

by Esther Korantemaa OffeiFebruary 3, 2023
Oil Weakens As Market Awaits Signs Of China Demand Recovery
Extractives/Energy

Oil Weakens As Market Awaits Signs Of China Demand Recovery

by Stephen M.CFebruary 3, 2023
Blinken Postpones China Trip Over Mystery Flying Ballon
USA

Blinken Postpones China Trip Over Mystery Flying Ballon

by Comfort AmpomaaFebruary 3, 2023
Newmont Obliges To Ghana’s Tax Laws, Pays ¢184.6m As Dividends To Government
Extractives/Energy

Newmont Obliges To Ghana’s Tax Laws, Pays Gh¢184.6m As Dividends To Government

by Gifty BansahFebruary 3, 2023
Uber And Nissan To Partner For Africa’s Green Economy Summit
Innovation

Uber And Nissan To Partner For Africa’s Green Economy Summit

by Priscilla Dziedzorm FiakpornuFebruary 3, 2023
Education Minister To Appear Before Parliament Over SHS Placement Scandal On February 11
General News

Education Minister To Appear Before Parliament Over SHS Placement Scandal On February 11

by Emmanuel SarpongFebruary 3, 2023
Be Careful Of The People You Discuss Your Marital Affairs With – Counsellor
Oil Weakens As Market Awaits Signs Of China Demand Recovery
Blinken Postpones China Trip Over Mystery Flying Ballon
Newmont Obliges To Ghana’s Tax Laws, Pays ¢184.6m As Dividends To Government
Uber And Nissan To Partner For Africa’s Green Economy Summit
Education Minister To Appear Before Parliament Over SHS Placement Scandal On February 11
Snow
FIND OUT MORE

The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

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 © 2021 The Vaultz News. All rights reserved.

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