Ghana prepares for LNG imports

Robert Besseling, CEO of specialist intelligence company Pangea-Risk, explains why Ghana is about to start importing LNG despite having oil and gas reserves of its own

Ghana is poised to start importing LNG rather than using its own sizeable oil and gas reserves to meet its domestic energy requirements. Despite this, the country remains an attractive destination for IOCs to invest in, says Robert Besseling, CEO of specialist intelligence company Pangea-Risk. The 2mn t/yr Tema LNG project is due to receive its first cargo later this month, marking Ghana’s first seaborne gas imports. Tema is led by private equity firm Helios Investments and comprises a floating regasification unit and a gas carrier for storage. The project had previously been scheduled to start operating in mid-2020. Ghana has “decent” oil and gas reserves, but they are located in the west o