Nigeria signs gas supply agreement with Ghana

Aug 25, 1999 02:00 AM

NNPC and Ghana National Petroleum Corporation signed a gas supply agreement in Abuja to further implement the West African Gas Pipeline project. This was another document following the signing of agreements among Nigeria, Ghana, Benin, Togo, and the Nigerian Gas Company in Cotonou, Benin, on August 11, according to the Guardian, one of Nigeria's leading newspaper.
Speaking at the signing ceremony, CEO of the Ghana National Petroleum Corporation, Tatsu Tsikata, said the project would be a model for sub-regional co-operation.
He observed that there was significant expertise in the West African Sub- region to ensure successful execution of the project.
Tsikata said Ghana would be conserving between 15,000 bpd and 20, 000 bpd of crude oil by taking gas from Nigeria to run its power plants. Ghana will be taking 84 % of the 120 mm cfpd of gas that Nigeria would be selling to the other three countries under the project.
"Nigeria, in fact, will not be competing with any country in the sub- region in the energy business. At the very best, we will work together to optimise the exploitation of resources of the sub-region for our mutual benefits," he said.

Aimed at boosting Nigeria's revenue and protecting environment by reducing gas flaring, the west African gas pipeline project is among the first major projects Nigeria's new civil administration launched since its inauguration on May 29.

Source: Xinhua via Newspage
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