Core Insights - Eni S.p.A is temporarily suspending operations at its gas processing facility in Ghana to upgrade and increase natural gas output, which may lead to short-term power supply disruptions [1][10] - The supply enhancement deal with the Ghanaian government will increase gas deliveries by 30 million standard cubic feet per day (MMSCFD), raising the total to 270 MMSCFD [2][10] - Eni's Offshore Cape Three Points (OCTP) project currently supplies approximately 65% of Ghana's energy demand, playing a crucial role in reducing reliance on imported fuels [3][10] Industry Context - Ghana's Energy Minister acknowledged the potential for temporary blackouts during the upgrade but emphasized that these disruptions are necessary for long-term improvements in energy delivery [4] - Tullow Oil is also enhancing gas production from its Jubilee and TEN fields to 130 MMSCFD, aligning with Ghana's strategy to monetize hydrocarbon resources amid global decarbonization efforts [5] - As the second-largest cocoa producer, Ghana is focused on improving energy infrastructure to strengthen its economy and mitigate the risk of stranded fossil fuel assets during the energy transition [6]
Ghana Braces for Power Disruptions as Eni Upgrades Gas Plant