Monday, November 11, 2024

West Africa Gas Ltd acquires first Gas Vessel

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Fred Dzakpata
Fred Dzakpata is a Ghanaian journalist who specializes in business reporting in Africa.

Gas production in Ghana is expected to receive a major boost with the arrival of first ever liquefied petroleum Gas Vessel at the country’s Tema Port. The vessel,  is one of the two ordered by the West Africa Gas Limited (WAGL) to facilitate its production of Gas.

Managing Director of the company Roland Omoreegbe said the acquisition of the 38, 000 cubic meters vessel is in line with his outfit’s quest to serve the energy needs of consumers in Ghana and parts of the sub-region.

He said “our decision to acquire these vessels demonstrates clearly our commitment to serve the energy needs of all classes of consumers in Africa and beyond.”  “This strategic investment” he adds, “is very crucial and underscores our commitment to meeting energy needs across the continent and indeed globally.”

WAGL currently has a Gas Sale Agreement with the Government of Ghana for the supply of 180’000 standard cubic feet of Gas even as construction works at the Tema port is underway.

The company has said that the acquisition of the vessel will help in actualizing its vision of becominge the foremost gas company on the African continent.

The Nigerian owned company currently has a sale agreement with Ghana for the supply of 180, 000 standard cubic feet of gas.

The WAGL proposition includes the construction of a jetty, dredging of a channel within the ports and extension of the break water as well as other relevant facilities to receive gas from their Floating Storage Regasification Unit (FSRU) MT Golar Tundra which is currently anchored approximately 4 Nautical Miles offshore Tema in Ghana.

 

Source: Africafeeds.com/ Fred Dzakpata

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