Ghana National Gas Company says it has expanded gas processing volumes, improved spending controls and delivered a good profit, despite ongoing currency volatility and tariff limits on revenues.
The state-owned gas processor has increased average throughput from roughly 100 million standard cubic feet per day (mmscfd) in 2025 to 120 mmscfd, according to Chief Executive Officer Judith Adjoba Blay.
The Atuabo Gas Processing Plant is now technically prepared to handle 130 mmscfd under new supply agreements connected to the Jubilee partners.
When the Parliamentary Select Committee on Energy and Petroleum visited the gas facility today, Friday, in accordance with their mission outlined in Article 103, the CEO made the revelation.
For Ghana Gas, which plays a crucial role in providing processed gas for industrial use and power production, the performance represents an important operational milestone.
“We went through a successful average of 100 mmscfd. Today we process an average of 120 and even above that,” Ms. Blay stated, giving gratitude to engineers and employees whose work frequently goes unappreciated.
Additionally, she revealed a significant infrastructure boost following the company’s approval to start the procurement of a third compressor, a long-awaited project that is anticipated to improve dependability throughout the gas transmission chain.
It is anticipated that the compressor, which is scheduled to take 18 to 24 months to construct, will lessen plant shutdowns brought on by reliance on a single main compression unit.
The CEO stated, “Currently, we have one, and some of our trips are as a result of the fact that we have that one compressor, If something goes wrong with it, we have to stop processing, fix it, and bring the plant back on.”
The extra compressor is a component of a larger redundancy plan that management is pursuing to guarantee continuous operations at one of Ghana’s most important energy assets.
According to Ms. Blay, Ghana Gas made a profit of almost GH250 million last year despite macroeconomic challenges.
She credited the new management team’s implementation of a company-wide cost optimisation program and stringent spending controls for the profitability.
“The reason we made profit is that we spent within our means,” she said. “We controlled expenditure at Ghana Gas and continue to control expenditure.”
She did, however, warn that since the corporation charges for petrol in US dollars and budgeting assumptions were based on a lower local currency, revenue is still under pressure due to the Ghana cedi’s appreciation.
“As a country, we welcome a stronger cedi, but for us at Ghana Gas, who charge in dollars, we have been hit,” she stated.
Tariff regulation is a second issue, she pointed out. Regulators accepted US$1.20 instead of Ghana Gas’s requested increase to US$2.20 per mmBTU, resulting in a significant discrepancy between anticipated and actual revenue.
However, the business claims to have enough cash on hand to continue operating while making strategic investments.
According to analysts, Ghana Gas’s development ambitions and increased operating efficiency might improve industrial competitiveness, lessen Ghana’s need on liquid fuels for power generation, and bolster the country’s energy security.
The most recent data indicates that a more commercially disciplined age may be emerging for a company that has long been considered essential to Ghana’s gas-to-power aspirations.
Source: newsthemegh.com