Supply & Demand

Ghana leads sub-Saharan Africa’s FSRU race

Ghana is moving ahead with two FSRU projects at the Port of Tema as the country diversifies its power-generation portfolio Ghana is moving ahead with two FSRU projects at the Port of Tema as the country diversifies its power-generation portfolio.
By Abhishek Kumar 2 December 2016 0 24418
Ghana is moving ahead with two FSRU projects at the Port of Tema as the country diversifies its power-generation portfolio. (Jonathan Ernst, World Bank)

Directional impact on forecast:
Bullish on LNG prices

Ghana is on the brink of becoming the first LNG importer in sub-Saharan Africa and expects to bring its maiden FSRU online in Q1 2017. However, the country also wants to diversify its power-generation portfolio further, and it sees potential in gas and LNG. Consequently, plans to install Ghana’s second FSRU are also progressing well.

Ghana sees two FSRUs in place at the Port of Tema by the end of 2018, with a combined capacity of 7.15...