Natural gas has become a major commercial driver for the Ghana National Petroleum Corporation (GNPC), generating $952 million in sales revenue in 2025. Mr Hamis Ussif, the GNPC’s Deputy Chief Executive in charge of Finance, Commercial and Administration, said the development reflected the growing importance of gas to the Corporation’s operations and Ghana’s wider energy Mr Ussif made the disclosure at a Technical Consultative Workshop organised by the Public Interest and Accountability Committee (PIAC) on the theme: “Building a Resilient Gas Economy
Collaborative Strategies to Ensure an Efficient Gas Value Chain.”
He said securing adequate and reliable gas supply was critical to Ghana’s energy security, industrial development and economic stability.
“Last year, in 2025, gas sales revenue amounted to $952 million for GNPC. And this tells you how important gas is for GNPC,” he said. SourceFuel Suppliers
Mr Ussif said the GNPC and its partners had announced about $3.5 billion in upstream investments expected to increase gas supply to the domestic market.
He said the Corporation was also working with its partners to advance a Liquefied Natural Gas (LNG) project targeted to commence operations by the end of 2027, with the potential to supply up to 400 million cubic feet of gas per day.
The additional supply would be significant given the increasing use of natural gas in power generation and industry, he said.Mr Ussif said gas contributed to power generation while reducing the country’s
reliance on more expensive liquid fuels, helping to conserve foreign exchange and
support economic stability.
He said gas consumption was also expanding beyond the power sector, with
industries from Tema to Takoradi and other parts of the country increasingly
using the commodity.
The expected investments would deliver their full benefits only if the various
segments of the gas value chain operated as an integrated system, he added.Mr Ussif said Ghana needed a bankable structure capable of incentivising
investment across the upstream, processing, transportation and distribution
segments while ensuring stability throughout the value chain.
“A vulnerability in one segment can easily cascade and you have a systemic risk
across the whole chain,” he said.
The GNPC, as the national gas aggregator, had a central role in facilitating
investment and ensuring adequate supplies to meet the country’s energy needs.
Source Fuel Suppliers
Mr Ussif said the Corporation would continue working with industry partners to
improve gas supply and maximise the economic value of the resource to Ghana.
Dr Kwame Sarkodie of the Department of Petroleum Engineering, Kwame
Nkrumah University of Science and Technology (KNUST), however, cautioned
that Ghana would need to significantly expand its gas supply capacity to meet
future demand.
He projected that domestic gas demand could reach about 750 million cubic feet
per day by 2030, while domestic fields were currently supplying less than that
requirement.
The projected demand underscored the need to create commercial conditions
that would encourage investment in new gas production and infrastructure.
Dr Sarkodie said the gap between domestic demand and supply could increase
Ghana’s dependence on imported gas unless measures were taken to strengthen
domestic production and the gas value chain.
He called for greater commercial clarity for upstream operators to encourage
investment in non-associated gas exploration and production.
Dr Sarkodie also advocated measures to address financial challenges within the
gas and power sectors, including ring-fenced payment structures for gas
processing and transportation utilities.He said Ghana also needed to develop its gas transportation infrastructure
beyond the coastal areas to the middle and northern belt to support
industrialisation. Source Fuel Suppliers
Source: ghanabusinessnews.com