Home  »  News

TEN Gas Wastes Away As $952m Needed For Fuel
Source: tongagh.com   |   June 19, 2017   |  18 Views

Gas from the Tweneboah, Enyenra and Ntomme (TEN) field is being flared due to pipeline infrastructure delays that characterised the evacuation of gas from the Jubilee Field.

Meanwhile, an estimated $952million is required this year to purchase light crude oil, natural gas, heavy fuel oil and diesel to run thermal plants based on a projected thermal generation of 9,937.48 GWh, according to the Ghana Grid Company.

About $295 million will be required by the VRA and about $657 million will be required by private power generators.

The Public Interest and Accountability Committee (PIAC) reports in its 2016 annual report, released last week, that since the TEN field came on stream in August last year, as much as 71 per cent of the gas produced has been flared, “while there is such a high demand for lean gas and other derivatives on shore”.

As it stands now, it is not clear when the pipeline will be ready to enable the evacuation of gas from the field which produced some 5.32 million barrels of oil in 2016.

At the earliest, first associated gas from the field is not due until August this year, whilst non-associated gas is also not expected until next year.

“It is unclear how quickly gas exports could be fast-tracked to bring the much-needed resource onshore,” PIAC said.

Some 30 million standard cubic feet of gas per day is expected from TEN field at the beginning and up to 60 million at peak.

Whilst current gas supply from both the jubilee field and Nigeria is below 100MMSCFD demand is around 400 MMSCFD.

The government of Ghana estimates that in the next decade, thermal generation will constitute 80 per cent of the country’s sources of power, making gas a must-have fuel.

Tongagh.com | June 24, 2017
The vice president  of the people's Republic  of china, Li yuanchao has announced his...
Tongagh.com | June 24, 2017
A private citizen, Emmanuel korsi senyo, has filed a suit against the General Legal Council (GLC)...
Tongagh.com | June 23, 2017
  According to Mr Amofo-Sefa, popularly known as Chairman Nana Boakye, the whole process of...
Tongagh.com | June 23, 2017
The National Media Commission has directed television stations XYZ TV, Thunder TV and Ice TV to...
Tongagh.com | June 23, 2017
The former Second Lady, Mrs. Matilda Amissah-Arthur on Thursday advised Ghanaians and patients to...
Tongagh.com | June 23, 2017
Financial services firm, AFB Ghana, has had the ratings on its corporate bond upgraded for the...
Tongagh.com | June 23, 2017
President Akufo-Addo is expected to turn the valves on the FPSO John Kufour on July 6 for Formal...
Tongagh.com | June 23, 2017
The government says it will soon act on a ruling by the Supreme Court on Thursday that former...
Tongagh.com | June 23, 2017
The Public Interest and Accountability Committee (PIAC) says it stands by its 2016 annual report,...
tongagh.com | June 23, 2017
The United States Ambassador to Ghana has hinted that, Members of Parliament, Ministers of state...