GNPC warns of looming gas supply shortfall despite $3.5bn investment

The Ghana National Petroleum Corporation (GNPC) has stated that gas supply could suffer a shortage in the coming years despite more than $3.5 billion in planned investments aimed at boosting oil and gas production.

According to GNPC, rising demand for gas is expected to outstrip both domestic production and imports, raising concerns about the country's future energy security.

Speaking at the West Africa Gas Summit (WAGS) 2026 in Accra on Friday, June 12, 2026, the Deputy Chief Executive Officer for Finance, Commercial and Administration of GNPC, Hamis Ussif, said Ghana's gas demand is projected to rise sharply over the next decade.

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“By 2030, we are looking at around 840 million standard cubic feet per day, and by 2036, we are looking at hitting one billion cubic feet of demand per day,” he noted.

Ussif further explained that current production levels and gas imports from Nigeria would not be sufficient to meet the projected demand.

“From our projections, we can’t meet this from domestic production, nor even with imports from Nigeria. That’s why we are working with partners to import LNG,” he explained.

He also noted the anticipated gap where GNPC and its partners have committed billions of dollars to expand production from key oil and gas fields.

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“We are working with the Jubilee and TEN partners to increase investment. They have committed to a $2 billion investment by 2028 to increase both oil and gas production. We are doing the same with the Sankofa partners, where they have committed $1.5 billion to also increase gas production mainly,” he said.

He also revealed that GNPC is advancing plans to operationalise an LNG import terminal in Tema, which is currently about 95 per cent complete.

“We will import the LNG and then be able to feed the demand in Ghana, but also to feed demand in the sub-region,” he said.

ANAS/EB

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