• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

$700m Ghana Gas project to fractionate NGLs and improve energy output

2 years ago
in Business, Energy, Features, highlights, Home, home-news, latest News, Markets
1 min read
0 0
0
250
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

$700m Ghana Gas project to fractionate NGLs and improve energy output

Ghana National Gas Company (GNGC) has signed a landmark agreement to construct a second Gas Processing Plant (GPP Train 2) in Atuabo, Western Region, with a cost estimated at $700 million. The facility, which is expected to be completed within 24 months, will generate 1,500 direct and indirect jobs and have a nominal capacity of 150 million standard cubic feet per day (MMscfd), with the ability to expand to 300 MMscfd.

The new gas processing facility will process raw gas with natural gas liquids (NGLs) and fractionate it into pure components such as propane, butane, pentane, and stabilised condensate components from the Jubilee and TEN Fields. The plant will also contain a storage facility, an additional compressor package, and a liquid waste treatment system.

The project is expected to significantly increase the national gas processing capacity to 450 MMscfd and play a critical role in helping Ghana achieve its energy transition objectives by utilizing renewable energy sources for industrial purposes and reducing global carbon emissions. The plant will improve the output of liquids processed from natural gas to 80%, compared to the existing facility, which produced between 40-50% of gas liquids.

Speaking at the signing ceremony, Mr. Kennedy Ohene Agyapong, the Board Chairman of Ghana Gas, said the project would enhance the operations of the GNGC and further boost the utilization of the country’s gas resources for the government’s industrialization agenda. The CEO of Ghana Gas, Dr. Benjamin K. D. Asante, said the project would enable the company to become a fully integrated gas services company and provide reliable supply of gas and gas derivatives in Ghana and the West African sub-region.

The joint venture partners, consisting of the Integrated Logistics Bureau Limited, Jonmoore International, Phoenix Park Limited, and African Finance Corporation, expressed their commitment to work collaboratively with the GNGC to deliver the gas processing plant on schedule and in a cost-effective manner.

In conclusion, the new plant will support the government’s efforts in providing an alternative power supply to drive socio-economic development and reduce the country’s fertilizer import by using the by-products from the processed gas to manufacture fertilizer. This landmark agreement marks a significant step towards Ghana’s energy independence and sustainable development.

RelatedPosts

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes

GACL Terminates Evatex Revenue Assurance Contract Amid OSP Probe

Cyber Security Authority Flags Rising Mobile Data Scam, Cautions Public

Tags: $700m Ghana Gas project to fractionate NGLs and improve energy outputGhana GasNGLs
No Result
View All Result

Highlights

Gov’t Reopens Talks With PayPal to Restore Full Service Access in Ghana

Financial Sector Assets up 34.6% in 2024 to GHS 525.59 Billion

Banking Sector Soundness Remains Robust in 2024 Amid Strong Profitability, Adequate Capital Buffers

Sha’Carri Richardson Withdraws from US Trials Following Arrest

From Singuluma to El Kaabi: Can CHAN 2024 Unleash the Next Hat-trick Hero?

Ghana to Welcome King’s Baton Relay on August 8 Ahead of 2026 Commonwealth Games

Trending

Features

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes

August 2, 2025

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes Parliament has adjourned...

GACL Terminates Evatex Revenue Assurance Contract Amid OSP Probe

August 2, 2025

Cyber Security Authority Flags Rising Mobile Data Scam, Cautions Public

August 2, 2025

Gov’t Reopens Talks With PayPal to Restore Full Service Access in Ghana

August 2, 2025
Bank of Ghana

Financial Sector Assets up 34.6% in 2024 to GHS 525.59 Billion

August 2, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.