Ghana has taken a significant step toward expanding its domestic gas production following the signing of a key agreement between government and industry stakeholders.
Earlier today, the Minister of Energy and Green Transition, John Jinapor, together with the Minister for Finance, Cassiel Ato Forson, represented the Government of Ghana in signing a term sheet with Eni Ghana E&P, Vitol Upstream Ghana Limited, and the Ghana National Petroleum Corporation.
The agreement sets out a framework of commercial principles to support the development of new gas infrastructure under the Offshore Cape Three Points (OCTP) Non-Associated Gas (NAG) Upgrade Project.
The signing builds on a Memorandum of Intent reached in September 2025, which committed the parties to collaborate on strategic investments aimed at strengthening Ghana’s energy sector.
Under the proposed upgrade, gas production from the OCTP project is expected to increase by up to 350 million standard cubic feet per day (MMscfd) by 2028. The expansion will be driven by the development of the Gye Nyame field, alongside the installation of a booster compressor and a new non-associated gas system on the project’s floating production storage and offloading vessel.
The OCTP project remains a key component of Ghana’s energy mix, supplying a significant portion of gas used for power generation. Authorities say the planned upgrade will enhance energy security, reduce dependence on imported fuels, and meet rising demand from industry and households.
Government officials noted that the agreement underscores Ghana’s commitment to maintaining a stable and investor-friendly upstream petroleum sector, while ensuring the responsible development of the country’s natural resources for national benefit.
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