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Ghana Escapes Gas Cut Threat, Pays $10m

 

The Government of Ghana has paid part of its debt to the West African Gas Pipeline Company (WAPCo) and Nigeria Gas Association (NGA).
The US$10 million paid yesterday Thursday 15th October 2015 buys Ghana time to conclude negotiations to avert cut in gas supply to Ghana

WAPCo suspended the treat to cut gas supply to Ghana after US$10 million was paid. Ghana owes WAPCo and the Nigerian Gas Association over US$ 180 million.

NGAs is owned by the Nigeria National Petroleum Corporation and other multinational oil companies including Chevron and Shell. The partners are expected to meet over the weekend to structure out a payment plan which will be agreed on by other partners.

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Negotiations are ongoing.  Stay Tuned for Updates.

 

 

Maxwell Ashiuloka

 

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