Offshore pipelines for Ghana’s $1.2b gas plant ordered – Dr. Sipa-Yankey

Offshore pipelines for the construction of Ghana’s first gas plant have been ordered, a government official has said.

The pipelines are set to arrive in the country by July 2012.

“The offshore pipelines have been ordered…they will arrive in Ghana by July,” Dr George Sipa-Yankey, CEO of the Ghana Gas Company told Citi FM today April 16, 2012 in an interview monitored by ghanabusinessnews.com.

Arrangements are also being made for the supply of the onshore pipelines, Dr Sipa-Yankey said.

The gas plant, to be constructed by China’s Sinopec, is worth $1.2 billion.

Officials say the project will have a functioning gas processing plant and an infrastructure linking the FPSO to the processing plant and to Aboadze and Prestea through Esiama in the Western Region.

It is expected to produce 300 million cubic feet of gas from the Jubilee Field daily.

Expected to be completed by December 2012, the project will be financed through a $3 billion loan contracted by the government of Ghana from the China Development Bank (CDB).

Part of the $3 billion agreement has been signed by the two counterparts.

Ghana’s Vice President John Mahama and some members of government are currently in China to seal the deal.

By Ekow Quandzie

1 Comment
  1. BB says

    So where was .2billion came about. Who took .2 billion, Bloomberg is saying 1 billion and Ghanabusiness is saying 1.2 billion which is which. We know election is coming up. Mills and his cronies. These loans should be transparent. We know Chinese are shrud businessmen.

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