New gas processing plant could save Ghana $500m every two years - Emeafa Hardcastle

Ghana could save close to $500 million every two years through the proposed second gas processing plant, according to the Chief Executive Officer of the Petroleum Commission, Emeafa Hardcastle.

Speaking at the launch of the Annual Investment Report on August 21, 2026, she said the project is expected to expand Ghana’s capacity to process locally produced natural gas and reduce the country’s dependence on more expensive imported fuels.

According to the CEO, the plant will have a nominal processing capacity of about 150 million standard cubic feet of gas per day, while its export pipeline will have a capacity of about 315 million cubic feet per day.

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“According to the joint evaluation of the Ministry of Finance and the Ministry of Energy and Green Transition, the new gas processing plant should save the country close to US$500 million every two years,” she said.

The Petroleum Commission CEO added that the expected savings could allow the country to recover the cost of the project within a relatively short period.

“And should be enough to pay for the project within a short time,” she added.

Hardcastle described the project as a major part of efforts to strengthen Ghana’s energy security, create jobs, and support industrial development.

“The second gas processing plant is a game-changing project that will transform the country’s energy landscape, create jobs, and save the economy hundreds of millions of dollars,” she said.

Emeafa Hardcastle noted that natural gas remains an important part of Ghana’s energy mix and called for increased investment in processing facilities and transportation infrastructure.

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She also called for more investment in oil and gas exploration to replace reserves that have already been produced.

The Petroleum Commission said greater investment in the sector should also translate into jobs, technology transfer, and opportunities for Ghanaian businesses, engineers, technicians, and service providers.

DR/MA

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