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Rosneft gave Ghana`s energy industry a shot in the arm Friday. signing a package of documents to supply natural gas to Ghana National Petroleum Corporation.
Russia`s biggest energy producer will deliver liquefied natural gas of around 1.7 million mt year (or 250 million cubic feet day) to the port of Tema over 12 years. Rosneft gas supplies will satisfy a quarter of Ghana`s energy demand. strengthen its energy security and reinforce the country`s position as the key LNG hub in the region.
`The signed documents open a new stage in the development of cooperation between Russia and Ghana.` Rosneft Chief Executive Officer Igor Sechin said. `Rosneft is capable of meeting this [growing Ghana] demand including also through LNG and natural gas supplies. Further. the documents open up wide exploration. production and trading possibilities for the company.`
Rosneft and GNPC also signed a framework cooperation agreement that envisages a joint study of high-priority directions of mutually beneficial cooperation in the development of oil and gas fields. oil and oil product supplies.
Rosneft and Oranto Petroleum Limited in Nigeria also signed Friday a memorandum of understanding on potential cooperation in the implementation of oil and gas projects in Africa.
