Ghana Consortium, Shell Sign LNG Deal for Power Project

A consortium of General Electric (GE), Endeavor Energy, Eranove and Sage Petroleum have entered into a long-term LNG supply agreement with Shell for the Ghana 1000 project, according to Ghana News Agency.

The Ghana 1000 project is an integrated gas-to-power project that will consist of 1,300 MW to be delivered in two phases, a floating storage and regasification unit (FSRU) and related infrastructure necessary to import LNG.

“Securing a reliable, flexible and affordable LNG supply arrangement is a critical piece of the puzzle to make this project a reality,” Leslie Nelson, the Chief Executive Officer (CEO) of GE Ghana was quoted by Ghana News Agency as saying.

The first phase of the Ghana 1000 project is expected to be completed in late 2016 and will add 125MW to the grid and is expected to increase to 750MW by 2018 and 1300MW within five years.

Last month, Endeavor Energy and GE signed of an agreement with Excelerate Energy for the reservation of an FSRU that will provide storage and regasification of LNG for the Ghana 1000 project.