GNPC, Shell renegotiate LNG deal to boost Ghana’s energy security- Prez Mahama doscloses

President John Dramani Mahama has announced that the Ghana National Petroleum Corporation (GNPC) and Shell are renegotiating Liquefied Natural Gas (LNG) sale and purchase agreements to enable the delivery of imported LNG into Ghana within the next 18 months.

The President explained that the move will help end the country’s reliance on expensive liquid fuels as a backup for domestic gas, reduce energy costs, and strengthen energy security.

He said the government is also rolling out an accelerated plan to expand gas infrastructure. This includes building new pipelines, processing plants, and storage systems, which will create opportunities for private investment and partnerships.

On downstream projects, President Mahama outlined Ghana’s vision to become a petroleum hub in West Africa.

He said government policies were focused on using natural gas as the main fuel for thermal power plants, developing petrochemical industries, building petroleum mooring systems, and expanding pipeline facilities and oil refineries.

According to him, these steps will not only add value to the petroleum sector but also drive energy-based industrialization.

The President further emphasised that Ghana was committed to a balanced energy transition. He stated that the country will continue to develop oil and gas resources while also investing in renewable energy to ensure that all citizens benefit from the shift towards cleaner technologies.