Tema LNG import and regasification terminal

Overview:

• Tema LNG import and regasification terminal
• The project comprises a set of integrated storage and regasification facilities including a floating storage and regasification vessel and terminal.
• The facility is located 12km off the coast of Tema, in the Greater Accra Region in the Eastern part of Ghana.
• The deal will see Gazprom Global LNG supply LNG, convert it to gas at the terminal and then sell it on to Ghana National Petroleum Company (GNPC).
• The deal replaces a previous agreement finalised by the former Mahama government in which the project would have been developed by Quantum Power (advised by Baker Botts) and West African Gas (advised by Clyde & Co). That deal was considered too expensive.
• The project could establish Ghana as an energy hub in West Africa and relieve the ongoing power crisis. 

Anna Kozakova - Journalist