( PANGEA-RISK) - PANGEA-RISK https://www.pangea-risk.com/ published a special report on GHANA: EAST MEETS WEST FOR CLEANER AND MORE RELIABLE GAS SUPPLY, which examines gas’s position in the country’s energy mix.
While Ghana has the ability to produce decent amounts of natural gas, the infrastructure for supplying gas produced in Ghana’s offshore blocks in the west to the industrial east is not fit for purpose, making domestic gas supply across the country costly and prone to disruptions.
Based on energy data, imports of liquefied natural gas (LNG) would be more cost effective, more reliable, and cleaner than domestic sources of gas. The inclusion of LNG in the energy mix is therefore critical for Ghana’s growth and development and is good news for Ghana’s clean energy transition, with gas further displacing heavier fuels while spurring economic growth.
Robert Besseling said: “Ghana’s approach to energy security is an example to other African economies. By diversifying its sources of energy, it encourages reliability and competitive pricing, which will allow for more consistent power generation to boost its economic performance. By selecting gas as a transition fuel and connecting to the global LNG supply chain, Ghana has secured first-mover advantage in the push for a greener future.”
Based on the latest data, PANGEA-RISK assesses the future of Ghana’s energy and power sectors, identifying the opportunity of LNG versus domestic supply of natural gas.
The arrival of LNG in Ghana will mark an important milestone for the country as it moves to position itself as a hub for the cleaner and cheaper fuel in the region.
PANGEA-RISK is a specialist intelligence firm providing analysis and forecasts on political, security, and economic risk in Africa and the Middle East. The company was founded in 2015 as EXX Africa, rebranded as PANGEA-RISK in 2020, and has since become a leading risk advisory and consultancy with a broad network of clients ranging from DFIs, banks, traders, corporates, and insurers, to governments, counterterrorism, and military forces worldwide.