Ghana, Equatorial Guinea to Sign LNG Supply Agreement

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The President of the Republic Ghana, Nana Addo Dankwa Akufo-Addo, is expected to sign a government-to-government Heads of Agreement with his Equatorial Guinean counterpart, President Teodoro Obiang Nguema Mbasogo, for the supply of Liquefied Natural Gas (LNG) from Equatorial Guinea to Ghana, for a period of 5 years.

The signing of the agreement is expected to take place in the course of a 3-day official visit to Equatorial Guinea by President Akufo-Addo, from Monday, August 21, to Wednesday, August 23, at the invitation of President Obiang Mbasago.

The execution of this agreement is intended to augment domestic supply over the period, and improve further Ghana’s power situation, both for local consumers and industry.

Ghana, despite being an oil-producing country since 2011, is still a net importer of crude oil, including for both domestic and Industry use.

President Nana Akufo-Addo, is expected into leave for Equatorial Guinea today, on Monday, 21st August, 2017 on a 3-day official visit to the Republic of Equatorial Guinea, at the invitation of its President, Teodoro Obiang Nguema Mbasogo, a statement issued by Ghana Presidency said.

The purpose of the visit is to also deepen the cordial bilateral relations between the two countries, and explore possible areas of co-operation.

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