Ghana Signs Deal with Eni, Vitol, GNPC to Boost Gas Production

The Government of Ghana has signed a major agreement with Eni Ghana Exploration and Production, Vitol Upstream Ghana Limited and the Ghana National Petroleum Corporation to increase domestic gas production from the Offshore Cape Three Points project.

The agreement is expected to raise gas output from about 280 million standard cubic feet per day to 350 million standard cubic feet per day by 2028.

The deal was signed on Tuesday by the Minister for Energy and Green Transition, Dr John Abdulai Jinapor, on behalf of the government, alongside the Minister for Finance, Dr Cassiel Ato Baah Forson.

The agreement outlines a framework of commercial principles to support the development of new gas infrastructure under the OCTP Non-Associated Gas Upgrade Project.

It follows a Memorandum of Intent signed in September 2025, in which the parties committed to collaborate on strategic investments aimed at strengthening Ghana’s energy sector and boosting domestic gas supply.

Under the expansion plan, increased production will be driven by the development of the Gye Nyame field, as well as the installation of a booster compressor and a new non-associated gas system on the project’s floating production, storage and offloading vessel.

Officials averted that the project is expected to improve energy security, reduce reliance on imported fuels and support growing demand from industries and households.

Current gas supply from the Jubilee and OCTP fields for domestic power generation stands at about 396 million standard cubic feet per day, highlighting the importance of further expansion to meet rising energy needs.

Speaking after the signing ceremony, Jinapor described the agreement as a significant step towards strengthening Ghana’s energy sector.

“Today’s signing sends a strong signal that Ghana’s upstream petroleum sector remains open, stable and ready for investment,” he said.

He added that the government is committed to maintaining a predictable and competitive investment environment while ensuring that the country’s natural resources are developed responsibly for the benefit of citizens.

The OCTP project, operated by Eni in partnership with Vitol and GNPC, remains one of Ghana’s key sources of gas supply and plays a central role in supporting the country’s power generation.

The planned upgrade is expected to enhance operational efficiency and expand production capacity, positioning the country to better manage increasing electricity demand.

The project also forms part of broader efforts to strengthen domestic energy production and reduce exposure to external supply shocks.

With gas-fired plants accounting for a significant portion of Ghana’s electricity generation, steady and increased supply remains critical to maintaining stable power output.

The agreement comes amid continued efforts by the government to improve energy security and ensure a reliable supply of fuel for power generation and industrial use.

The expansion is also expected to support economic activity by providing more consistent energy supply for businesses and households.

Stakeholders posited that the success of the project would depend on timely execution, coordination among partners and sustained policy support from the government.