Gas sales become major revenue stream for GNPC

In 2025, the Ghana National Petroleum Corporation (GNPC) reported that natural gas sales generated $952 million in revenue, marking natural gas as a significant commercial driver for the Corporation and Ghana's broader energy landscape. During a Technical Consultative Workshop focused on building a resilient gas economy, GNPC Deputy Chief Executive Hamis Ussif stressed the importance of securing a dependable gas supply for energy security, industrial growth, and economic stability.

The GNPC and its partners have pledged over $3.5 billion in upstream investments, aiming to boost gas supply to local markets. Additionally, the Corporation is collaborating on an LNG project set to commence by year-end 2027, with potential to deliver up to 400 million cubic feet of gas daily. This expansion in supply would be particularly beneficial given the growing use of natural gas in power generation and industries nationwide.

Ussif highlighted that gas not only contributes to power generation but also lessens Ghana's reliance on pricier liquid fuels, aiding in foreign exchange conservation and economic stability. He emphasized that the full benefits of these investments would only be realized if all segments of the gas value chain functioned as an integrated system.

To support this, Ussif called for a robust financial framework capable of incentivizing investment across the entire chain, from upstream to distribution, while maintaining stability. He stated that any weakness in one segment could lead to systemic risks throughout the gas value chain. While GNPC plays a pivotal role in fostering investment and ensuring adequate supplies to meet energy needs, Dr. Kwame Sarkodie of the Department of Petroleum Engineering at Kwame Nkrumah University of Science and Technology (KNUST) cautioned that Ghana would need to substantially increase its gas supply capacity to meet future demand.

He projected domestic gas demand could reach approximately 750 million cubic feet per day by 2030, whereas domestic fields currently supply less than this figure. This discrepancy highlights the urgent need for commercial conditions that encourage investment in new gas production and infrastructure. Dr. Sarkodie also stressed the need for greater clarity for upstream operators to spur investment in non-associated gas exploration and production, alongside measures to address financial challenges within the gas and power sectors.

He advocated for ring-fenced payment structures for gas processing and transportation utilities, as well as the development of gas transportation infrastructure beyond coastal regions to support industrialization in the middle and northern parts of the country.