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Thursday, May 30, 2024

Presidency reportedly approves Ghana Gas Firm’s proposal to make it a gas aggregator

Power imagine tank Africa Centre for Strength Plan (ACEP) claims it has sighted a letter dated from the Presidency endorsing and approving a proposal by the Ghana Countrywide Gasoline Firm (GNGC) to assign the part of gas aggregator to the organization.

The May possibly 11, 2020 letter also gave further guidelines for the expeditious implementation of the proposal by the Minister of Power.

In accordance to the Centre, the authentic proposal is contained in yet another letter dated Could 5, 2020, to the Power Minister with the Finance Minister, Govt Secretary to the President, Board Chair of GNGC, CEO of Ghana Nationwide Petroleum Company (GNPC), Director Normal of State Fascination and Governance Authority (SIGA), Deputy Ministers and Chief Director of the Electricity Ministry on a copy.


Below the present arrangement, GNPC occupies the strategic accountability of gas aggregator with a perform to pool fuel assets from all upstream sources and market to bulk buyers.

GNGC is mainly dependable for processing of gas and the sale of purely natural fuel liquids.

There has also been the policy versatility for the GNGC to offer gas to non-electricity and industrial consumers.

Underneath the proposed arrangement, GNPC will stop to carry out the obligation of gas aggregator to allow GNGC to combine the mid-stream gasoline operations (Aggregation, Processing and Transmission).

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