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Ghanaian gas terminal: Tema LNG prepares its first delivery of Shell LNG

11/05/2021
Source : ORISHAS FINANCE
Categories: Sectors

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Major Shell is expected to deliver its first LNG cargo ship to the new Tema LNG gas terminal in Ghana in June. It has already set its rates with its client, the state-owned firm GNPC

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Ghana will soon be the first country in sub-Saharan Africa to import LNG via a floating regasification unit (called FSRU), positioned in Tema since January 6. While the initial schedule provided for a first delivery in March-April, Major Shell should finally deliver its first LNG cargo ship in June at the new Ghanaian Tema LNG gas terminal.
Shell will sell its LNG at a price of between $5 and $6.50/MMBTU, depending on the price of a barrel of Brent. The sole purchaser, the state-owned Ghana National Petroleum Corp (GNPC), will then deliver the gas to its customers, the country's power plants. The Tema LNG project is led by Tema LNG Terminal Co (TLTC), financed by the pan-African investment fund Helios Investment Partners and the

Luxembourg-registered firm Gasfin Development.
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