18 Sep 2017 18:45

Gazprom inks 12-yr deal to supply LNG to Ghana from 2019

MOSCOW. Sept 18 (Interfax) - Gazprom Global LNG Limited has signed an agreement with Ghana National Petroleum Corporation (GNPC) to supply LNG to Ghana for 12 years beginning in 2019, parent company Gazprom Marketing and Trading reported.

The LNG will be delivered to the floating LNG terminal Tema now under construction. The terminal will have capacity to accept 3.4 million tonnes of LNG a year.

The agreement replaces two signed competing contracts for the same Tema LNG project by the previous government, with Quantum Gas and WAGL, both of which were overpriced, the presidential press service said in a press release.

Pavel Oderov, the head of Gazprom's department 512, said the agreement was the second biggest LNG supply contract in the company's portfolio, according to the press release.