Ghana gets gas

Idan Ofer’s Quantum Pacific and John Fredrikesen’s Golar LNG have joined forced on a $500m project to build a liquefied natural gas import terminal near the Ghanaian city of Tema.

Don Ackah, chief executive of Quantum Power Ghana, a subsidiary of the Idan Ofer-owned Quantum Pacific industrial conglomerate, told Reuters over the weekend that the offshore terminal will provide gas directly to the state-run Volta River Authority (VRA) by mid-2016 to boost power generation.

Golar LNG will provide an offshore floating storage and regasification unit (FSRU) that is currently under construction at Samsung Heavy Industries in South Korea. Once operational, it will have the capacity to deliver at least 250 million cubic feet of LNG per day, or 1.75 million tonnes annually.

Talks are also said to be underway with French oil services firm Technip to construct subsea and onshore pipeline networks to deliver gas to Tema.

Ackah said Quantum Power Ghana was in talks with global oil firms, including BP, for the supply of natural gas. He added that the Ghanaian government was acting in a facilitating role in discussions over a state-to-state supply arrangement with Qatar for LNG to be delivered to the terminal.