Parliament in confusion over actual cost of Atuabo Gas project

There were rumblings in Parliament today as a question mark was raised over the actual cost of the Atuabo Gas project.

While Petroleum Minister Emmanuel Kofi Boah maintained that the project cost the nation US$1 billion, a member of the House, Mustapha Ussif revealed a document that indicated that the facility cost the country as much as US$1.5 billion dollars.

According to the MP for Yagaba-Kobore, the alleged figure was the basis for the recent increase in the electricity tariff by the Public Utility and Regulatory Commission (PURC).

The Gas Infrastructure Project, which is the largest project the NDC government has embarked on in the past five years, involves receiving gas from the oil and gas fields in the Tano (Western) Basin and processing it into lean gas, propane, butane and condensate.

The overall goal of the project is to ensure that natural gas, associated gas and NGLs produced in Ghana are effectively and efficiently processed into clean fuels for domestic and export markets.
The project is also aimed at promoting the development of petrochemical industries, substantially reducing and/or eliminating flaring of gas, and developing the Western Region of Ghana as a new economic growth sector for the country in the long term.
Credit: Starrfm News

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