Through its numerous investments and cutting-edge strategic energy infrastructure, Puma Energy Ghana has reaffirmed its commitment to Ghana's energy supply and security. This is done in order to make energy easily accessible and affordable for Ghanaian households and the business community in light of the country's rising consumption of petroleum products.
Puma Energy stated in a statement that as the economy bounces back from COVID-19, these investments in energy infrastructure are more crucial than before.
Final petroleum product consumption has quadrupled since 2000, reaching 4,630 ktoe in 2021 at a 5.7% annual growth rate. According to the 2022 National Energy Statistics report of the Energy Ministry, gasoline and gasoil account for an average of 36.4% and 51.6% of the total petroleum products consumed in Ghana over the previous 21 years, respectively.
A total of 1,303,755 metric tonnes of petroleum products were delivered to the Ghanaian market in the first quarter of 2023, as opposed to 1,103,799 metric tonnes in the first quarter of 2022, according to data from the National Petroleum Authority (NPA) of Ghana as of March 2023. This rise in petroleum product use highlights the necessity of an effective infrastructure for servicing rising demands in a dependable and economical manner.
In order to meet the growing demand for petroleum products, including gasoil (diesel), gasoil (petrol), and ATK, among others, not only for the Ghanaian market but also for neighbouring countries like Mali, Niger, and Burkina Faso, a total of 23,472 metric tonnes, Puma Energy has made significant investments in energy infrastructure.
Puma Energy Ghana has made major investments in the nation's energy infrastructure since it first joined the Ghanaian energy market in 2006. Storage terminals at the Kotoka International Airport Aviation and Tema Ridge depots, Takoradi Terminal, and Tema Multi Product Terminal (TMPT), totaling about 174000 cubic metres of storage capacity, are among the most recent infrastructure investments. These terminals help secure Ghana's fuel supply. Puma Energy has also invested in Ghana's first-ever LPG bottling facility in support of the nation's Cylinder Recirculation Model, which aims to reduce the risks brought on by improper LPG handling.
Making sure locals have the necessary skills to assist the sector is a crucial part of ensuring energy security. The majority of Puma Energy Ghana's employees, or 98%, are Ghanaian. Puma Energy is sponsoring recruitment events at Ghanaian universities, including Kwame Nkrumah University of Science and Technology (KNUST) and the University of Ghana, with the goal of hiring some of the brightest graduates in the nation by 2023.
"Resilient infrastructure is a major element of sustainable energy systems," said Zwelithini Mlotshwa, general manager of Puma Energy Ghana. "To address that, Puma Energy Group has constructed storage terminals, which have a significant impact on Ghana's potential for trade and economic growth and also enable Puma Energy to supply seamlessly to customers through its strategic outlets."
The capacity and supply security at Kotoka International Airport have greatly grown thanks to the expansion in aviation fuel storage, however fuel The Takoradi Terminal serves as the first petrol storage facility in Ghana's Western Region, he said.
These special and timely updates and expansions to the current storage infrastructure terminals and systems have essentially ensured a special integrated supply chain that ensures the availability of affordable oil products and other refined products transported from new and geographically diverse hubs throughout Ghana in an efficient and safe manner.
Zwelithini Mlotshwa spoke on energy infrastructure, saying "Energy infrastructure must become more safe, sustainable, and robust. An enabling market environment, supportive policy coherence, and a clear regulatory framework that helps to ensure a fair playing field among industry competitors and enable market integration are conditions for timely investments in energy infrastructure.
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