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Ghana Set For LNG Terminal
Ghana is on route to becoming the first sub-Saharan nation to import liquefied natural gas (LNG) after selecting two Chinese firms to invest in the infrastructure it needs.
Reuters reported that the China Harbour Engineering Company will build the onshore facilities, while Jiangnan Shipyard will take care of the floating storage and regasification unit (FSRU).
The Tema terminal project is worth $350 million and the Ghanaian government stated that $200 million of that amount will be spent within the country.
This isn’t the first time that Ghana has tried to get an LNG terminal off the ground. The news provider noted that two FSRU operators have previously had plans to operate in the nation, only to withdraw over contract delays.
According to the Ghanaian government, the FSRU will be operational within 18 months, which means the first LNG imports could be heading for Ghana as soon as 2020.
The news provider explained that LNG is one of the fastest-growing commodity trades around the world, but noted that Africa is not expected to become a major LNG importer because of its significant untapped gas reserves.
But Ghana isn’t the only African nation that’s turning to LNG. Earlier this year, Mozambique submitted proposals to develop a major LNG plant with ExxonMobil, Eni and CNPC.
The intention is to build two LNG trains from the Mamba fields in block 4, with each of these expected to produce 7.6 million tons of LNG per year.
If you’re working on an LNG project, make sure you have the highest quality mechanical float gauges for your facility.