Comprehensive gas bill to consolidate sector regulations – Dep. Energy Min

Mohammed Amin Adam, Deputy Minister for Energy

government approves amendment of PoD for integrated OTCP project

Deputy Minister for Energy, Mohammed Amin Adam has revealed government has drafted a comprehensive gas bill to regulate and harmonize the country’s legal gas regime with the emerging global regulatory landscape.

According to him, the draft will provide certainty and predictability for investors in the gas sector.

‘’When implemented, the draft will provide a roadmap of the modalities for the efficient management and safe delivery of liquefied petroleum gas (LPG) to homes and industries.’’

Dr. Amin Adam also revealed that government has approved an amendment of the Plan of Development (PoD) for the integrated Offshore Cape Three Points Oil and Gas Project (OCTP).

‘’This also paves the way for the OCTP partners to continue to evaluate the Campanian reservoirs with a view to submitting in the coming weeks,’’ he added.

The Minister made this known speaking at the Ghana Gas Forum in Accra on Tuesday, September 25 on the theme ‘Driving Ghana’s Downstream Gas Utilization’

According to him, a Gas Master Plan Committee, which was inaugurated last year has recommended to Cabinet for consideration, a new policy and institutional measures that seeks to address complex issues in the gas sector.

Government last year, introduced a comprehensive Gas Master Plan (GMP) to be rolled out to develop gas infrastructure, prioritise the use of the country’s gas resource and ensure the security of energy supply.

Mr Amin Adam said these reforms are intended to follow international best practices where the supply of gas has become competitive.

‘’To derive gas based industrialization is the key and the three pillars of the gas industry which are – production of commodity gas, infrastructure for processing, storage and transportation to the market, are all driven by pricing and we must therefore get the pricing right,’’ he explained.

By Mawuli Y. Ahorlumegah