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Date: May - 04 - 2021 , 15:35 BY: Dotsey Koblah Aklorbortu, SEKONDI-TAKORADI Category: Business News The country’s oil industry experts have warned that the agreement allowing for the importation of liquefied natural gas (LNG) poses a direct risk to the investment plans of international oil companies (IOCs) interested in the upstream oil and gas activities. With the current volume of gas from the country’s fields and Nigeria, adding LNG imports holds the potential to discourage investors and send existing investors from further investment in the country’s upstream sector. This follows the emergence of Shell LNG, which has entered into a take-or-pay agreement with the national oil company – Ghana National Petroleum Corporation (GNPC) when the country’s domestic gas and supplies from Nigeria remain sufficient.

Ghana generalGreater accraBenjamin boakyeWissam al monthiryGhana national petroleum corporationAfrica centre for energy policyTullow ghana ltdDaily graphicExecutive directorAfrica centresEnergy policyFloating storage regasification unitNigeria gasOffshore cape three pointGas sales agreementManaging director