Ghana’s LNG import project has started construction, as two vessels were contracted to store and regasify the fuel by 2020. The LNG terminal will have the capability of importing 2 mtpa, leaving 0.3 mtpa of supplies for further negotiations.
Namely, China Harbour Engineering Company has started the construction phase, which is taking place on a marina, along with a Floating Regasification unit (FRU) and a Floating Storage Unit, Reuters informed.
This project is part of Ghana’s attempts to start an LNG import project, in a time when two LNG vessel operators, Golar and Hoegh, withdrew because of delays in the contracts. Nevertheless, this time the contracts are final.
In addition to the beginning of the construction, the project is not subject to finance or any other pending permit.
Russian Rosneft is expected to source the LNG, according to a 12-year deal with Ghana National Petroleum Corporation, in order to supply 1.7 million tonnes a year, despite the fact that the project had previous LNG suppliers waiting.
The terminal will be importing 2 million tonnes a year (mtpa), meaning that 0.3 mtpa of supplies remain to be negotiated or are free for spot deliveries.