Business & Finance

NPA Allays Fears Over Gas Shortage

The National Petroleum Authority has calmed nerves with the announcement of adequate Liquefied Petroleum Gas (LPG) supply to meet demand.

Though the challenges with the supply of gas from Ghana National Gas Processing Plant in Atuabo persists, the Authority said it has enough supply in stock to meet demand.

“The Western and parts of the Central Region are supplied with LPG from the Ghana National Gas Processing Plant in Atuabo. However, a recent power challenge that affected the processing of natural gas from which LPG is derived affected the supply of LPG from the plant. The Authority therefore directed LPG Marketing Companies (LPGMCs) to load LPG from Tema to serve their retail outlets in these parts of the country. Checks with the Ghana National Gas Company (GNGC) on 8th October 2024 indicated that…the Gas Processing Plant is yet to return to full production. The plant is expected to return to regular production from 15th October 2024 onwards.”

It noted that LPG marketing Companies’ decision to boycott Quantum LPG Terminal and Tema Multi-Product Terminal is rather putting pressure on the remaining depots in Tema.

It explained, “The refusal of these LPGMCs to load from these depots limits the volume of LPG that can be loaded from the Tema depots in a day.”

That notwithstanding, the Authority reassured “the public that there is no threat to the supply of LPG in the country and no imminent shortage of the product”.

“The Authority is working closely with all parties to ensure that loading to the Western Region is prioritised to address the challenge in that area.”

 

“There is adequate LPG in the country to meet national demand. The opening stock of LPG as of 9th October 2024 was enough to last almost two weeks of national consumption.”

Additionally, it said the Sentuo Oil Refinery also produces LPG, which serves the market daily plus more than 20,000 metric tonnes of LPG is scheduled to be delivered between 21st and 27th October 2024 under the LPG Tender programme.

 

Source: opemsuo.com/Hajara Fuseini

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