Gasol, through its affiliate African Power Generation Limited (AfGen), has signed a Memorandum of Understanding with Ghana National Gas Company (Ghana Gas) in relation to the development of a number of specific projects aimed at providing additional gas to Ghana, as well as supporting, in a complementary manner, the longer term security of gas supply needed to address the nation’s power generation deficit.
Under the Memorandum of Understanding, AfGen and Ghana Gas propose, amongst others, to explore the establishment of various joint venture arrangements for the supply of imported natural gas, into Ghana as well as the downstream sale and marketing of gas to power generators and industrial/mineral processing enterprises in Ghana. Gasol has already previously entered into similar arrangements for the marketing of natural gas in other West African countries, including Benin and Togo, and will work with AfGen to create a strategic and mutually supportive partnership with Ghana Gas.