Oil

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Ghana is to save about $300 million a year on fuel costs even with the current slump in oil prices on the world market with the coming on stream of the Atuabo gas plant, a statement said.

The Atuabo gas plant is supplying 50 million cubic feet of gas per day to the Aboadze Thermal Plant. It has also produced 3,000 tonnes of liquefied petroleum gas and condensate as byproducts.

?Atuabo remains a vital cushion for the current unreliable gas supply from and would remain in operation for the long haul,? Ben Asante, director of technical operations at Ghana Gas, told Reuters.

He referred to the West African Pipeline Company, which has failed to deliver the anticipated supply of gas from Nigeria.

The Atuabo Gas Plant is being financed by a loan from the Chinese Development Bank and aims to ramp up production to 150 million cubic feet by the end of December.

Source: StarrFMonline

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