Ghana Sees Need for Energy Transition, Still Sees Gas as Key - Deputy Minister

Reuters
Tuesday, November 9, 2021

Ghana's deputy energy minister said on Tuesday that he recognizes the need for an energy transition but still strongly believes that gas will be an important source of energy going forward.

Ghana discovered oil in 2007 and began production at the end of 2010, boosting economic growth to around 14% the following year and raising hopes of a bonanza.

The country's state-owned petroleum company is looking to acquire oil assets in order to accelerate exploration before a transition from fossil fuels reshapes the market, the finance minister said in July.

Ghana was aiming for 100% energy access by 2024 and is working on a nuclear facility, the deputy minister added on Tuesday. 

(Reporting by Yousef Saba; Writing by Nadine Awadalla; Editing by Kirsten Donovan)


Categories: Energy Activity Africa

Related Stories

Petrobras Takes Operatorship of Offshore Block in Central Africa

ABL Group, PetroSafe Partner Up for Offshore Energy Services in Egypt

DeepOcean, Woodside Wrap Up Dual-Scope Subsea Survey at Sangomar Field

Current News

EU Plans Measures to Tackle New Energy Crisis

Iran War May Cut Oil Demand Now, But Boost It Later

US Judge Blocks Trump's Efforts to Hinder Renewable Energy Projects

Van Oord Installs Monopiles for Poland’s First Offshore Wind Farm

Subscribe for OE Digital E‑News