Close Menu
  • Home
  • News
  • Politics
  • Business
  • Sports
  • Entertainment
  • Africa
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
Future Africa News
Tuesday, July 1
  • Home
  • News
  • Politics
  • Business
  • Sports
  • Entertainment
  • Africa
Future Africa News
Home»Business»Mahama: Ghana to Phase Out Crude for Power with Second Gas Train
Business

Mahama: Ghana to Phase Out Crude for Power with Second Gas Train

qwezinkBy qwezinkMay 14, 2025No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Ghana is seeking to phase out the use of crude oil in its power generation mix over the medium term, President John Dramani Mahama has said.

This is to be achieved with the planned development of a second gas processing train to expand domestic gas supply, improve energy efficiency and promote a cleaner and more sustainable source of fuel.

“There was a bit of disinvestment in the energy sector but new commitments are coming up. So, for instance we are going to build a second gas train which is going to handle more gas from our first field.”

“We are going to put more gas on stream so we need a second train because our current plant in Atuabo cannot handle the extra gas”, the President mentioned.

Crude oil has been a costly and volatile fuel source for Ghana’s thermal plants.

But the President believes replacing it with natural gas will ease pressure on the energy sector, which has been bedevilled with high operational costs and mounting debts to independent power producers (IPPs).

“ENI are back, they are drilling again and early signs are that we might find considerable quantity of oil and gas. When that happens, we can eliminate crude oil in power generation completely in the next three to five years”, the President said at the 2025 Africa CEO Forum in Abidjan.

Also, the current economic recovery according to the President positions Ghana as a destination for both upstream and midstream opportunities stressing that the current macro-economic environment is stable and ripening for business.

John Dramani Mahama thus wooed investors to partner the government in scaling up oil and gas infrastructure for long-term growth.

“The oil and gas sector was toxic. I don’t know for what reasons but I think governments have not prioritised the sector. But I will lay a red carpet for anyone who wants to drill and pump in Ghana, he said.

Africa CEO Forum Crude oil Ghana News headline John Mahama Natural gas Second gas train
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
qwezink

Related Posts

Manasseh Azure Backs Bawumia, Says NDC’s 2028 Candidates Lack Inspiration

June 24, 2025

King Mswati Lands Today, Meets Mahama Ahead of Otumfuo Visit in Kumasi

June 24, 2025

Otumfuo Pays Farewell Visit to President Mahama Post Son’s Graduation

June 24, 2025

KGL Group Funds GJA Membership ID Card Printing

June 24, 2025

Afenyo-Markin Slams Mahama’s ‘Optics-Driven’ Clemency for Radio Station Shutdowns

June 12, 2025

Sam George Urges Defaulting Radio Stations to Utilize President’s 30-Day Clemency Window

June 12, 2025

BECE Candidate in Labour Delivers Baby During Exam

June 12, 2025

Top African Innovators Unite at Africa Rising Symposium in Accra 2025

June 12, 2025

Snake Triggers Power Outage in Ejisu, Ashanti Region

June 12, 2025
Leave A Reply Cancel Reply

Latest News

Manasseh Azure Backs Bawumia, Says NDC’s 2028 Candidates Lack Inspiration

June 24, 2025

King Mswati Lands Today, Meets Mahama Ahead of Otumfuo Visit in Kumasi

June 24, 2025

Otumfuo Pays Farewell Visit to President Mahama Post Son’s Graduation

June 24, 2025

KGL Group Funds GJA Membership ID Card Printing

June 24, 2025

Afenyo-Markin Slams Mahama’s ‘Optics-Driven’ Clemency for Radio Station Shutdowns

June 12, 2025

Sam George Urges Defaulting Radio Stations to Utilize President’s 30-Day Clemency Window

June 12, 2025

BECE Candidate in Labour Delivers Baby During Exam

June 12, 2025
Ad
© 2025 Future Africa News.

Type above and press Enter to search. Press Esc to cancel.