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Ghana - Access LNG Floating Storage and Regasification Projects (FSU/FRU) - ESIA Summary
Power is currently the single largest constraint on Ghana’s ambition to achieve sustained high levels of Gross Domestic Product (GDP) growth to consolidate its middle-income status. The current natural gas demand in Ghana is not being met by indigenous gas production due to supply constraints and unreliability of the West African Gas Pipeline (WAGP). Around Tema (located to the east of the country) which established itself as a hub for thermal generation power plants in Ghana, housing installed generation capacity of 2,126MW, suboptimal pipeline gas supply received from Nigeria, via WAGP, has meant that Tema’s thermal plants have relied heavily on expensive Heavy Fuel Oils (HFO) and diesel imports to meet their fuel requirements with impacts including increased cost of electricity generation and higher end user tariffs.