Pulse.com.gh logo
Go


Ghana's oil and gas Master plan to streamline gas production

The plan, the sector minister Amarh Kofi Buah disclosed at a summit in Accra, is currently before cabinet for approval.

  • Published: , Refreshed:

The petroleum ministry is considering a Gas Master Plan that will provide a regulatory framework to address infrastructure planning and delivery requirements in the sector.

The plan, the sector minister Emmanuel Armah-Kofi Buah disclosed at a summit in Accra, is currently before cabinet for approval.

He added that once approval is given, the ministry will develop a gas policy that will guide the industry.

“My ministry is taking steps to address infrastructure planning and delivery requirements in a Gas Strategy outlined comprehensively in a Gas Master Plan. This master plan is currently before Cabinet for approval,” Buah said. 

“Once cabinet approves the plan, the ministry will develop a Gas Policy and Gas Bill that will provide a transparent regulatory framework for the industry,” he added.

READ MORE

The Chief Executive of the Petroleum Commission, Theo Ahwireng, noted that the country’s upstream petroleum sector continues to grow steadily.

“Since the discovery of oil and gas in commercial quantities in the Jubilee Fields in 2007, with 25 additional discoveries, including two new discoveries made in the Deep Water Cape Three Points (DWCTP) in the first quarter of 2013, Ghana’s upstream petroleum sector continues to grow steadily,” he said.

He also disclosed that reconnaissance exploration activity has been planned to better understand the prospectiveness of the frontier Voltaian Basin.

According to him, the commission is open to investments and reinvestments in the upstream petroleum sector.

“As we work with industry players to build a robust industry, we continue to welcome increased investments and reinvestments in our upstream petroleum sector,” he said.

In a speech read on his behalf, the Chief Executive Officer of the Ghana National Petroleum Corporation (GNPC), Alexander Kofi-Mensah Mould, said his outfit is willing to engage with and partner investors in exploring opportunities in the sector.

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos




Top Articles

1 Breaking Otabil finally breaks silence on banking controversiesbullet
2 Investment banks in Ghana Top 5 investment banks in Ghana and why you...bullet
3 Banking Crises Sahel Sahara and Omni Bank become latest to mergebullet
4 Nana Appiah Mensah Menzgold boss apologises to BoG after Twitter rantbullet
5 Increment Fuel prices to go up again – IESbullet
6 Incompetence Otabil wasn't qualified to be Capital Bank Board...bullet
7 Bank Collapse Capital Bank Board misused GHC 610 million...bullet
8 Collapsed Banks Here are the auditing firms for the 7...bullet
9 Banking In Ghana Stranded customers of First Allied...bullet
10 Capital Bank Collapse Here are the roles of a...bullet

Top Videos

1 Former Capital Bank staff grills pork for survivalbullet
2 Forbes 2018 Africa's billionaires rich listbullet
3 Money Alert Meet Africa's richest womanbullet
4 New Discovery Ghana discovers new mineral, lithium in commercial...bullet
5 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
6 Plane Crash Starbow suspends operations following plane crashbullet
7 Support Finance minister buys Kantanka carbullet
8 New Phones Nokia MWC 2018 Event in 5 minutesbullet
9 Bozoma Saint John 10 quotes from Uber top official,...bullet
10 Video We are determined to move Ghana beyond aid - Bawumiabullet

Business