The single largest structural shift in the last decade in global energy markets – emerging output of shale gas and oil in the US – is having a clear effect on African oil producers. A growing reliance on African exporters in the early part of the millennium, reaching a peak of 20.34% of US oil imports in 2007, has sharply reversed as newly accessible domestic sources of...
As with any rapidly expanding economy, Ghana’s high GDP growth rates have gone hand-in-hand with increased industrial and household consumption, which in turn has pushed up demand for key utilities infrastructure, including water, power and sanitation. While its electricity provision ranks ahead of many of its regional peers, the country is expending significant amounts of...
Targeted to start running by the end of 2014, the Atuabo gas processing plant (GPP) is arguably Ghana’s most anticipated energy project. Once up and running, the project will provide a much-needed source of natural gas feedstock for the country’s power plants – a requirement thrown into relief following the disruptions experienced by the West African Gas Pipeline (WAGP) in...
Previously dominated by multinational firms, Ghana’s oil distribution and retail sector, consisting mainly of bulk delivery companies (BDCs) and oil marketing companies (OMCs), has seen a dramatic rise in domestic participation in recent years. Prior to having its own crude processing facilities before the commissioning of the Tema Oil Refinery (TOR) in 1960, Ghana was fully...
According to the World Bank’s 2013 Ghana energy report, $4bn of investment is needed over the next decade to compensate for previous investment lags in power generation, transmission and distribution infrastructure. Estimates for annual power demand growth range from 8% to 12%, meaning there is certainly a market for new power generation. To avoid unduly impacting the...
Discoveries of new elephantine deposits of hydrocarbons in South America and East Africa in recent years have tended to overshadow developments along Africa’s oil-producing Western coast, but new discoveries in deep offshore areas along the coast of countries like Ghana, Nigeria, Gabon and Equatorial Guinea offer significant promise. While OPEC’s two sub-Saharan members,...
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