Speaking on a panel discussion here on Tuesday at the Africa Centre for Energy Policy (ACEP) program on how political parties plan to deal with Ghana’s energy sector , Awortwi who is a former
Chief Executive Officer (CEO) of state power company, Volta River Authority (VRA) said, although LNG is more expensive than natural gas, the country’s natural gas resources alone won’t be enough to support its power production.
Ghana’s energy sector which was in crisis for the best of two years has seen some stability in most of 2016.
“In the next four years Ghana will need at least 600 million standard cubic feet of gas a day which domestic gas resources alone cannot provide so LNG is the best way to go,” he stressed.
He also touched on the debts owed to the power sector by government, urging that settling those debts were critical to ensuring a more efficient power delivery system.
On his part, Emmanuel Kuyole, the African Director for Natural Resources Governance Institute (NRGI) also urged government to work harder on the local natural gas resources in order to make them play a critical part in the power supply sector.
“Since LNG is more expensive than natural gas, it is important to ensure that Jubilee gas, TEN gas and the Sankofa gas are brought on stream in time to ensure cost efficiency,” he added.
However, Ishmail Edjegumhene, Executive Director of Kumasi Institute of Technology, Energy and Environment (KITE) an energy think tank said in spite of its higher cost compared with natural gas, LNG is also more affordable than light crude oil which would be the other alternative to natural gas.
“LNG is more affordable than light crude so there is wisdom in working on regasification facilities for the country in preparation for that time when we would need LNG,” Edjekimhene urged. Enditem