{"id":568610,"date":"2026-05-06T04:20:13","date_gmt":"2026-05-06T04:20:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/568610\/"},"modified":"2026-05-06T04:20:13","modified_gmt":"2026-05-06T04:20:13","slug":"ghana-signs-key-gas-expansion-deal-to-boost-octp-output-by-2028","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/568610\/","title":{"rendered":"Ghana signs key gas expansion deal to boost OCTP output by 2028"},"content":{"rendered":"<p class=\"article-image\"><a href=\"https:\/\/www.ghanaweb.com\/GhanaHomePage\/business\/Ghana-signs-key-gas-expansion-deal-to-boost-OCTP-output-by-2028-2033038?gallery=1\" rel=\"nofollow noopener\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2026\/05\/79570318.295.jpg\" alt=\"The agreement, signed on May 5, 2026, involves Eni Ghana, Vitol Upstream Ghana and GNPC\" title=\"The agreement, signed on May 5, 2026, involves Eni Ghana, Vitol Upstream Ghana and GNPC\" width=\"295\" height=\"197\" \/> <\/a>The agreement, signed on May 5, 2026, involves Eni Ghana, Vitol Upstream Ghana and GNPC<\/p>\n<p id=\"article-123\">The Government of Ghana has signed a key term sheet with energy partners to advance a major expansion of domestic gas production from the Offshore Cape Three Points (OCTP) project, in a move aimed at strengthening the country\u2019s energy security.<\/p>\n<p>The agreement, signed on May 5, 2026, involves Eni Ghana Exploration &amp; Production, Vitol Upstream Ghana Limited, and the Ghana National Petroleum Corporation (GNPC).<\/p>\n<p>According to the Minister for Energy and Green Transition, Dr <a target=\"_blank\" href=\"https:\/\/www.ghanaweb.com\/GhanaHomePage\/people\/person.php?ID=2302\" rel=\"nofollow noopener\">John Abdulai Jinapor<\/a>, who disclosed the development in a Facebook post, the agreement establishes \u201ca framework of commercial principles to support the development of new gas infrastructure under the OCTP Non-Associated Gas (NAG) Upgrade Project.\u201d<\/p>\n<p><a href=\"https:\/\/www.ghanaweb.com\/GhanaHomePage\/business\/Government-engages-large-scale-mining-companies-on-GANRAP-2032914\" target=\"_blank\" rel=\"nofollow noopener\">Government engages large-scale mining companies on GANRAP<\/a><\/p>\n<p>Dr Jinapor noted that he represented the government alongside the Minister for Finance, Dr <a target=\"_blank\" href=\"https:\/\/www.ghanaweb.com\/GhanaHomePage\/people\/person.php?ID=2581\" rel=\"nofollow noopener\">Cassiel Ato Forson<\/a>, during the signing ceremony.<\/p>\n<p>\u201cThis milestone builds on the Memorandum of Intent signed in September 2025, through which the parties committed to collaborate on strategic investments in Ghana\u2019s energy sector,\u201d he stated.<\/p>\n<p>Under the proposed upgrade, gas output from the OCTP project is expected to increase significantly.<\/p>\n<p>\u201cGas production from OCTP could increase by up to 350 million standard cubic feet per day (MMscfd) by 2028,\u201d Dr Jinapor said. <\/p>\n<p>He mentioned that the expansion will be driven by the development of the Gye Nyame field, as well as the installation of a booster compressor and a new non-associated gas system on the project\u2019s floating production storage and offloading (FPSO) vessel.<\/p>\n<p>The OCTP project currently plays a critical role in Ghana\u2019s energy mix, supplying a substantial portion of gas used for power generation.<\/p>\n<p>Dr Jinapor during his remarks emphasised the broader impact of the upgrade stating, \u201cThis planned upgrade will enhance our energy security, reduce reliance on imported fuels, and support growing demand from industry and households.\u201d<\/p>\n<p>He further indicated that the agreement sends a strong signal to investors about Ghana\u2019s energy sector.<\/p>\n<p>\u201cToday\u2019s signing sends a strong signal that Ghana\u2019s upstream petroleum sector remains open, stable, and ready for investment,\u201d he said. <\/p>\n<p>\u201cIt reflects our commitment to creating a predictable and competitive environment for our partners, while ensuring that our natural resources are developed responsibly for the benefit of all Ghanaians,\u201d the sector minister concluded.<\/p>\n<\/p>\n<p>MA<\/p>\n","protected":false},"excerpt":{"rendered":"The agreement, signed on May 5, 2026, involves Eni Ghana, Vitol Upstream Ghana and GNPC The Government of&hellip;\n","protected":false},"author":2,"featured_media":568611,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,56,54,55],"class_list":["post-568610","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/568610","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=568610"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/568610\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/568611"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=568610"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=568610"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=568610"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}