UENR OUTLOOK OF NATURAL

GAS INDUSTRY IN GHANA.

OUTLOOK OF NATURAL GAS INDUSTRY IN

GHANA.

8/12/2018
 UENR OUTLOOK OF NATURAL
GAS INDUSTRY IN GHANA.

INSTRUCTORS:
Mohammed Iddrisu UE20041315
Joshua Boateng UE20040715
Rami Michael UE20042515
Ebenezer Osei Bonsu UE20023814
David Osei Gyemi UE20024014

CONTENTS.
 Introduction to natural gas industry.
 Ghanaian Natural Gas - A huge asset.
 What does discovery of natural gas means for Ghana?
 What is happening in Ghana today?
 The Export of Natural Gas from Ghana.

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UENR OUTLOOK OF NATURAL
GAS INDUSTRY IN GHANA.

INTRODUCTION TO THE NATURAL GAS INDUSTRY.

Natural gas is a mixture of combustible gases formed underground by the

decomposition of organic materials in plants and animals.

It usually found in any areas where oil is present, although there are
several large underground reservoirs of natural gas where there is little or
no oil.

Natural gas is widely used for heating and cooking, as well as for a variety
of industrial applications.

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 UENR OUTLOOK OF NATURAL
GAS INDUSTRY IN GHANA.

GHANAIAN NATURAL GAS – A HUGE ASSET.

According to estimates, Ghana has between 1.5 Tcf and 1.7 Tcf of gas
reserves. These estimates also include reserves, which have not been
discovered yet. In 1974, the first reserve of natural gas was discovered
in Ghana, in the Cape Three Points Basin.

With growing energy needs, this is good news for the country and
people.

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UENR OUTLOOK OF NATURAL
GAS INDUSTRY IN GHANA.

WHAT DOES DISCOVERY OF NATURAL GAS MEANS FOR

GHANA?

The discovery of natural oil in the country means that Ghana can stop
using liquid fuels in industry and power generation; reduce emission of
greenhouse gases; and opt for value added processing of minerals.

Natural gas is a source of clean energy for the country. It will help to spur
economic growth and development. Once proper infrastructure is in place,
it will attract foreign investment and help in increasing employment in the
region. With natural gas in the country, industries and households will
benefit. And, if the country exports natural gas, it will earn the much-
needed foreign exchange. The people can look forward to reduced
electricity bills and lower fuel costs for their vehicles.

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GAS INDUSTRY IN GHANA.

WHAT IS HAPPENING IN GHANA TODAY?

Thanks to the natural gas discovery in the country, the impact is already
visible. The towns that are closest to the Jubilee Fields have created
employment opportunities for thousands of people. Many towns, such
as Takoradi, have had their fortunes changed with an influx of workers
coming in from other parts of the country.

The government has attracted investors, such as China Development

Bank Corp, which has lent $1 billion to the nation for developing its
natural gas infrastructure and resources. Furthermore, the Ghana
National Gas Co. has signed an $850 million deal for the natural gas
project with China Petroleum and Chemical Corp. In return, Ghana will
be exporting 13,000 barrels of oil to China every day and these barrels
will be sold as per the market price on that particular day.

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GAS INDUSTRY IN GHANA.

THE EXPORT OF NATURAL GAS FROM GHANA.

The export of natural gas from Ghana will open up a whole new
revenue stream for the country.

The Ghana National Petroleum has already drilled many oil wells to
get to the natural gas resources and has also managed to get adequate
foreign investment for major exploration and production. Other
nations, including the United States, are looking at Ghana as a
potential supplier of natural gas. So export opportunities for the
country are unlimited, especially with countries looking for greener
and cleaner fuel sources.

So, the outlook for the country and its residents is very bright. Not
only job opportunities will be created, it will also boost the economy,
further development and improve the infrastructure.
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GAS INDUSTRY IN GHANA.

REFERENCE:

 http://www.madehow.com/2018/volume6/naturalgas.html
 http://www.gepcghana.com/2010/naturalgas.php

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