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02.11.2017 Business & Finance

Ghana Gas Forum Scheduled For Next Week

By CitiFMonline
Ghana Gas Forum Scheduled For Next Week
LISTEN NOV 2, 2017

The Gas Consortium (TGC), has announced that the 4th edition of Ghana Gas Forum (GGF), supported by Citi FM, is scheduled to take place on the November 7 and 8 2017 at Tang Palace Hotel.

The event, to be chaired by Mr. Kwame Pianim, will kick-off with the Energy Minister's Session which will feature a presentation by the Minister, Boakye Kyeremanteng Agyarko, followed by a keynote address from the Former Minister for Energy and Finance, Trinidad and Tobago, Mr. Conrad Enill.

Ensuring the supply of natural gas to cater for rising national and regional electricity demand is a paramount energy policy objective for Ghana.

Ghana's 1550 MW thermal generation capacity (of which 890MW is from Independent Power Producers), serves as the primary off-taker for processed gas from local fields and the West Africa Gas Pipeline.

According to Ghana's Energy Commission, Ghana National Gas Company's (GNGC) Atuabo gas supply, as at April 2017, had a share of 39.1% of the total fuel supply mix for generation plants, with the West Africa Gas Pipeline having 9.1%.

Natural gas supply is therefore expected to grow with the expansion in Ghana's thermal generation capacity.

The advancement of liquefied natural gas (LNG) deals between Ghana and other gas producing countries, further demonstrates the appetite for natural gas as well as the competing sources of supply in the global LNG market.

While LNG provides an opportunity to address the disruptions in the supply of natural gas to Ghana's power hubs, importation of gas via this technology, bears the risk of increasing the weighted average cost of gas, given the significant capital requirements that come with building regasification terminals in what is a relatively small domestic market.

Furthermore, LNG importation may undermine the primary policy focus of monetizing domestic gas, by competing with financing that could be alternatively deployed towards the expansion of the country's gas processing infrastructure.

The aforementioned nuances underscore the relevance of Ghana Gas Forum 2017, which will facilitate policy assessments and debates among stakeholders.

These discussions will culminate in recommendations captured in the GGF2017 Executive Report, to address the range of emerging issues within the sector.

GGF2017 will provide participants with comprehensive perspectives on Ghana's current gas sector policy priorities and plans that hinge on economic, commercial and legal factors.

Key experts for the programme include Mr. Conrad Enill, Former Minister for Energy and Finance, Trinidad and Tobago, Dr. Mohammed Amin Adam, Deputy Minister for Energy, Dr. Cassandra Martinez-King, Consultant, Lincoln Rose Law Associates, Mr. Walter Perez, MD, West African Gas Pipeline Company, Dr. Ben Asante, CEO, Ghana National Gas Company, Dr. Alfred Ahenkorah, Executive Secretary for Energy Commission, Dr. Kwadwo Asenso, Head, Energy, Oil and Gas Unit at the Real Sector Division, Ministry of Finance, Mr. Charles Darku, CEO, Tullow Oil Ghana, Dr. Mensa-Bonsu, Director of Plan Coordination Division, National Development Planning Commission and Mr. Victor Kitange, Consultant, Ghana Oil and Gas for Inclusive Growth (GOGIG).

GGF2017 is fully endorsed by the Ministry of Energy and open to organizations and individuals with shared interests who may register to attend via the website: www.ghanagasforum.com .

GGF2017 is sponsored by Ghana National Gas Company and Ghana Oil and Gas for Inclusive Growth (GOGIG), and partnered by Tullow Ghana, Amandi Energy, Volta River Authority, Lincoln Rose Law Associates, Springfield E&P and Vitol.

According to TGC Executive Secretary, Mr Senam F. Gbeho,“ the significance of the discussions to be held at Ghana Gas Forum 2017 cannot be overstated.

Ghana's potential to industrialize via the gas sector rests in the ability for gas sector policy-making to provide clarity on key issues.

This will send positive signals to both the domestic and international investor communities of Ghana's intentions to build a globally competitive and investment friendly policy and regulatory environment.

With the rich list of experts and resource persons in attendance, GGF2017 is set to make real impact and contributions to this goal.”


By: citifmonline.com/Ghana

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