Ministry Of Energy To Build Capacity In LNG Sector

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Story From Communications Unit, MoEP

The Ministry of Energy and Petroleum has disclosed its willingness to build capacities of players in the Liquefied Natural Gas (LNG) sector to ensure proper adherence to international practices and also take full advantage of the numerous opportunities the sector presents.

Speaking at the closing session of a two-day International Workshop on Liquefied Natural Gas Negotiations in Accra, Mr Benjamin Dagadu, Deputy Minister of Energy and Petroleum said, the workshop is intended to provide stakeholders with better technical understanding of how the LNG industry works and the opportunities as well as challenges likely to be encountered in pursuing LNG solution.

Mr Dagadu further emphasized some benefits the LNG sector presents, saying, “First, Floating Storage and Regasification Unit (FSRU) based LNG solution lowers costs and delivery time and could lower fuel costs by 25 to 35 per cent. Second, we know that an FSRU strategy is consistent with our aspirations to develop our own indigenous gas over the next decade because it is a flexible solution using infrastructure that can be removed easily after a 10 year project.”

The Deputy Minister further stated that sourcing sustainable LNG to meet the country’s need will require not only hard work but also new knowledge; new skills and new arrangements to manage in our energy sector as a whole, hence the need for such workshop.

He further asserted that it will be a tragedy for the country to lose the opportunity of the LNG as it is eminently within reach and also represents Ghana’s best medium term fuel solution.

Participants commended organizers for putting together such an eye opening workshop for such a new sector, adding that it afforded them the opportunity to deliberate and share ideas with other stakeholders in the oil and gas sector.

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