Russia’s Rosneft signed a deal with the Ghana National Petroleum Corporation for an annual delivery of 1.7 million tons of LNG. The volumes will be regasified at GNPC’s processing capacities in the port of Tema where the company is developing an LNG import terminal.

Rosneft officials agreeing with GNPC officials

Rosneft gas supplies will cover a quarter of Ghana’s energy demand and strengthen its energy security, Gazprom said in a statement on Friday. During an economic forum in St. Petersburg, Rosneft and GNPC also signed a framework cooperation agreement that envisages a joint study of high priority directions of mutually beneficial cooperation in the development of oil and gas fields, oil and oil product supplies.

Rosneft gas supplies will cover a quarter of Ghana’s energy

Ghana, in recent times, has been experiencing frequent power cuts due to the inability of the West African Gas Pipeline Company (WAGPCo) to supply gas to the country from Nigeria. WAGPCo, operator of the West African Gas Pipeline (WAGP), has shut down its operations or reduced gas supply several times, either as a result of vandalized pipelines or due to huge debts owed by Ghana to Nigeria for gas supply.