Ghana National Petroleum Corporation (GNPC) and Quantum Power have signed an agreement for the construction and operation of LNG storage, regasification and delivery facilities at Tema, Ghana.
The Tema LNG project will have the scalable ultimate capacity to receive, store, regasify and deliver, at steady state, about 3.4 million tons of LNG per year, equivalent to 500 million standard cubic feet of gas per day utilizing a state-of-the-art dedicated floating storage and regasification unit moored offshore Tema. An associated subsea and onshore pipeline will deliver the natural gas to GNPC and its customers onshore. The Tema LNG project, comprising a capital outlay of over $550 million, will be implemented on a build-own-operate-transfer basis with the assets transferring to GNPC after the project’s 20-year term.
Commencement of operations is scheduled for the end of 2016 and, given its design, the Tema LNG project has a built-in scalability, which would make it play an increasing role in meeting Ghana’s growing energy demand. It will provide the Ghanaian power generation industry with a highly reliable and clean fuel supply to meet projected power and industrial needs over the next 20 years. The Tema LNG project will provide GNPC with the flexibility to manage volatility in power demand and fluctuations in domestic gas supply, while mitigating the effect of unpredictable rainfall on Ghana’s power balance.
The Tema LNG project has been under development for three years, involving some of the world’s most experienced engineering teams collaborating on an innovative design to address the specific maritime challenges in the Gulf of Guinea, while assuring optimal year-round operability. The terminal, which will be located about seven miles off Tema’s shore, allows for cost-efficient refueling and regasification without affecting maritime and port traffic.
For more information, visit www.gnpcghana.com.
