With its joint venture partners, the Ghana National Gas Company (GNGC) signed a Project Implementation Agreement on Friday to build a second gas processing plant (GPP Train 2) at a projected cost of US$700 million.
It is anticipated that the gas plant will be finished in 24 months and will be located at Atuabo in the Ellembele District of the Western Region.
Within the Atuabo power enclave, it would result in the creation of 1,500 direct and indirect jobs.
At the signing ceremony in Accra, Dr. Hilton John Mitchell, a representative of the consortium made up of the Integrated Logistics Bureau Limited, Jonmoore International, Phoenix Park Limited, and African Finance Corporation, initialed for the Ghana Gas while Dr. Benjamin K. D. Asante, CEO of the GNGC, initialed for the Ghana Gas.
To process additional raw gas quantities from the Greater Jubilee and TEN fields, it is proposed to build a second train gas processing facility with a nominal capacity of 150 million standard cubic feet per day (MMscfd), extendable to 300 MMscfd.
The project was a component of the GNGC's strategic growth plan and was anticipated to boost processing capacity for domestic gas to 450 MMscfd.
Natural gas liquids (NGLs) from the Jubilee and TEN Fields will be fractionated into pure components, including propane, butane, pentane, and stabilized condensate components, as part of the new gas processing facility's processing of raw gas.
Methane and ethane-containing lean gas must be transported into onshore export pipelines and connected to the current GPP Train 1's lean gas export.
A processing plant with a 150 MMscfd capacity that can be expanded to 300 MMscfd, a storage facility, an extra compressor package at the Atuabo Mainline Compressor Station, the supply of utilities, and the treatment of liquid waste are some of the parts of GPP Train 2.
Kennedy Ohene Agyapong, the Board Chairman of Ghana Gas, said the project will improve GNGC operations and further increase the country's use of its gas resources for the government's industrialization goal when he spoke at the signing ceremony.
The facility, according to Mr. Agyapong, who is also a member of parliament for Assin Central, would be crucial in assisting Ghana in achieving its goals for the energy transition, which include employing renewable energy sources for industrial uses and lowering global carbon emissions.
The project, according to Dr. Asante, CEO of Ghana Gas, would allow the firm to become a fully integrated gas services provider and guarantee a steady supply of gas and gas derivatives in Ghana and the West African Sub-region.
It would help the company continue to realize its goal of providing gas in a way that is both economical and ecologically responsible, he added.
Upon going into operation, the new plant, according to him, will increase the output of liquids made from natural gas to 80%, up from the present facility's production of between 40% and 50% of gas liquids.
Dr. Asante continued by saying that the plant will aid Ghana in producing more megawatts of energy and finally put an end to the country's ongoing power outages (dumsor).
He said that the by-products from the processed gas may be used to create fertilizer, boosting the agricultural sector and ultimately lowering the nation's fertilizer imports.
According to Mr. Egyapa Mercer, a deputy minister of energy, the project will contribute valuable infrastructure to the nation's power-producing system.
Additionally, he said, it would help the government's attempts to provide a different source of energy to spur socioeconomic growth.
Speaking on behalf of the joint venture partners, Dr. Hilton John Mitchell reaffirmed the Consortium's commitment to collaborating with the GNGC to build the gas processing facility on time and under budget.
The Ghana National Gas Company, a limited liability company, was founded in July 2011 with the mandate to construct, own, and manage the natural gas infrastructure needed for gas collecting, processing, transportation, and marketing.
blogpay
Total Comments: 0