gas Archives - Wontumi Online

08 May

Ghana Losses $300 Million Worth Of Gas Lost To Flaring – PIAC Report

wontumionlineNewsgas

Ghana lost $300m worth of natural gas in the upstream petroleum sector through flaring, the 2022 Annual Public Interest Accountability Committee (PIAC) Report on Management and Use of Petroleum Revenue has revealed. The volume of gas flared in 2022, 25.3 billion cubic feet (bcf), increased by 19.3 per cent compared to a volume of 21.2 bcf recorded in 2021. In the report titled ‘The state of the energy and extractive sectors of Ghana: Critical reforms required for sustainable economic recovery,’ the Civil Society Organisation observed that the gas was flared at a time when domestic consumption of processed gas, known…

LPG Consumers Reverting To Charcoal Use Due To High Prices?

wontumionlineBusinesscharcoal, gas, LPG

Frequent adjustments in the prices of Liquefied Petroleum Gas (LPG) is gradually forcing some consumers of the product to return to the use of charcoal. The product has seen at least 44 percent increase between January and August, 2022. For the past eight years, Akosua Manu has been using LPG for cooking and other domestic use. She switched from charcoal use in 2010 due to the stress that comes with its usage and also its contribution to air pollution. The mother of two has since not regretted her choice. But the recent hikes in prices of the petroleum product is…

Tullow Engages Government On Urgent Gas Sales Contract

wontumionlineBusinessgas, Tullow Ghana

Tullow Oil has begun engagement with the Ghana government on an “urgent” gas sales contract. This is because foundation gas volumes which is free gas issued to Ghana from the inception of the Jubilee contract will expire soon. Based on its current production forecast, Tullow, expects the volume of 200 billion cubic feet of foundation gas to deplete by the end of the year. But the oil and gas giant has begun engagements with the government of Ghana for an agreement which will ensure there is no interruption in the supply of gas. No time to waste “The urgency level…