The Tema LNG Terminal has been designed to assist ease Ghana’s significant energy deficit and support the Government’s efforts to put a stop to Ghana’s long-drawn-out challenges with energy reliability, efficiency and cost.
The Terminal is being executed on a built-own-operate-transfer basis with Ghana National Petroleum Corporation (GNPC) as the consumer in its position as the national gas aggregator.
Tema LNG add a vital infrastructure component to sustain the Government’s plan for energy security and speed up economic growth; it has been designed to be scalable and supple to meet Ghana’s growing energy demand.
The Terminal will provide Ghanaian power generators with a extremely dependable supply of clean fuel for the present and projected future needs, allowing GNPC to competently match domestic power demand with gas supply, and alleviate the effects of unpredictable rainfall on the accessibility of electricity in Ghana.
The Tema LNG Project has been under development for four years, involving some of the world’s most skilled engineering teams working together to addresses the precise challenges of the Gulf of Guinea.
The terminal, which will be situated 12 kilometres off Tema’s shore, allows for cost-efficient refuelling and regasification without affecting maritime and port traffic.
It integrates a state-of-the-art dedicated floating storage and regasification unit (FSRU) secured off-shore Tema, with the capability to import, store, regasify and deliver, at a stable state up to 3.4 million tons of LNG per year, equal to 500 million standard cubic feet of gas daily, through linked sub-sea and onshore pipelines to GNPC and its customers.
The ground-breaking follows the implementation in 2016 of a 20-year Facilities Use Agreement with GNPC, an Engineering, Procurement and Construction (EPC) pact with Micoperi S.P.A., and a long-standing Time Charter Party Agreement for the FSRU with Höegh LNG.
Matty Vengerik, CEO of Quantum Power Matty Vengerik,said: “The Tema LNG Terminal is the first of its kind to be executed in sub-Saharan Africa and we are thrilled that the ground-breaking ceremony is corresponding with Ghana’s 60th anniversary celebrations.
Tema LNG will provide Ghana with a highly dependable, flexible, self-sufficient and scalable fuel source, while affording noteworthy decline in power generation expenses, with a huge multiplier effect on the broader economy.