There’s enough gas to meet national demand – NPA assures Ghanaians
The National Petroleum Authority (NPA) has assured the public that there is sufficient Liquefied Petroleum Gas (LPG) available to meet the country's needs, dismissing fears of any imminent shortage.
In a statement issued by the NPA, the authority emphasised that there is no cause for concern or panic, as current LPG stocks are enough to meet national demand.
"As of October 9, 2024, the opening stock of LPG is sufficient to last nearly two weeks of national consumption.
In addition to this, the Sentuo Oil Refinery continues daily production to supply the market," the statement said.
The NPA further revealed that over 20,000 metric tonnes of LPG are scheduled to arrive between October 21 and 27, 2024, under the LPG Tender programme, ensuring continued availability of the product.
The Authority also addressed the reasons behind recent supply disruptions, particularly in the Western and parts of the Central Region.
According to the NPA, these regions, which are supplied by the Ghana National Gas Processing Plant in Atuabo, experienced challenges due to a power issue that affected the processing of natural gas, from which LPG is derived.
To mitigate the impact, the NPA directed LPG Marketing Companies (LPGMCs) to load supplies from Tema to serve retail outlets in the affected areas.
"Checks with the Ghana National Gas Company (GNGC) on October 8, 2024, confirmed that the power issue has been resolved, though the Gas Processing Plant has not yet returned to full production.
Regular production is expected to resume from October 15, 2024," the statement added.
The NPA also noted that a boycott by some LPGMCs of the Quantum LPG Terminal and Tema Multi-Product Terminal has increased pressure on the remaining depots in Tema, limiting the daily volume of LPG that can be loaded from these facilities.
Despite these challenges, the NPA reassured the public that there is no threat to the overall supply of LPG in the country.
The Authority is working with all relevant stakeholders to prioritize loading for the Western Region and address supply issues in the area.
"The NPA remains committed to ensuring the continued availability of LPG across the country and urges the public to remain calm, as there is no imminent shortage," the statement concluded.
Source: Classfmonline.com/Cecil Mensah
Trending Business
Cocoa head-loaders strike, demand ₵3 per load
14:19Deloitte Survey: Emissions Levy to impact investment decisions in oil & gas sector
14:13Akufo-Addo says Eurobond deal saves Ghana $10bn, signals confidence in economy
14:04Bond market sees trade volumes fall by 15.56% to ¢609m for 2nd week
13:52Successful restructuring of $13bn debt plus IMF staff-level agreement bolsters cedi's performance marginally
13:42GARO announces arrival of Bawumia's electric buses
13:24Zomlion to invest $200 million in Lagos State for waste management initiatives
09:46Small-scale mining exclusively for Ghanaians; foreign involvement illegal – Mineral C’ssion CEO
11:40Stay resolute in galamsey fight, proceed with strike – Concerned drivers to Organised Labour
08:18Minerals Commission: Only GSA can lead small-scale mining exploration to combat galamsey
16:53