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Business News of Sunday, 8 March 2020

Source: laudbusiness.com

Gov’t working with Jubilee partners to increase gas production

The government of Ghana is working together with the Jubilee field partners to ensure constant supply of LPG to avoid gas shortages following the launch of the Cylinder Re-circulation Model, Dr. Mohammed Amin Adam, a Deputy Energy Minister, has said.

This, he said will also ensure that the country experiences relative stability in the price of LPG.

He explained that the Cylinder Re-circulation Model is primarily aimed at reducing LPG-related accidents and will also create more jobs contrary to claims by players in the sector that they will lose their jobs.

Speaking at the launch of the policy Dr Amin Adam, said : “While we encourage you to adopt the cylinder re-circulation model of LPG, we are also working hard to ensure security of supply of LPG so that we do not have shortages of LPG at anytime or anywhere in the country.

“Accordingly, we are working with the Jubilee Field partners, the producers of oil from the Jubilee Field, to increase gas production and export from the Jubilee Field to enable us process more than 50 percent of our LPG requirements from domestic sources.

“This will ensure that we have relative stability in the price of LPG because the Jubilee gas is currently being produced from the free foundation gas volume”.

To ensure that LPG is adequately available to all customers in the country, government by extract and the National Petroleum Authority, will ensure the decentralization of LPG bottling facilities between major market centers across the country, so apart from bringing the facilities closer to the market and consumers, this will further reduce the administrative cost of transporting LPG over longer distances and the impact it could have on the unified petroleum price”.

The Chief Executive Officer of the (NPA) Hassan Tampuli, indicated that the NPA has put in place mechanisms to to deal with possible challenges that may arise from the implementation of the policy,

He also indicated that NPA and its stakeholders will continue risk assessment of all existing structures in other parts of the country before a national roll out of CRM.

“We believe that before we move forward to roll out the CRM across the country, we will continue to do risk assessment of all existing structures to ensure that customers in different parts where we have not started the pilot will continue to use their LPG in a safe and environmentally friendly manner”.

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