Sinopec Ready to Start Second Phase of Ghana Gas Project

China’s Sinopec has offered to begin next phase of the Ghana Western Corridor Gas Infrastructure Development Project, local newspaper Business & Financial Times reported Monday.

"Sinopec is ready to pre- finance the industrial development of Esiama to Prestea project if given the go ahead to commence operation. It is not up to us to decide. We are always open for such kind of cooperation. China has the advantage to provide financing support," Sinopec's Director, International Business Unit, Africa Region, Shen Yan told the newspaper in an interview in Beijing.

In September, Ghana officially inaugurated its first China funded natural gas infrastructure project at Atuabo, about 218 km from Accra. The gas processing plant has been funded by China Development Bank and built by Sinopec. It has the capacity to process about 120 million cubic feet of gas from the Jubilee field daily. The gas is being supplied to the Volta River Authority to run thermal plants to generate electricity.

Yan said it is important for phase two of the project to be implemented as soon as possible, since it is vital to the whole project and will present a much safer way of transporting the gas and liquids from the region to Tema, the newspaper reported. .

The second phase of the constructing the Esiama-Prestea industrial development project that will export the LPG and condensates through offshore facilities by a jetty loading and unloading system.