LNG

Dec 16 (LNGJ) - The $7.7-billion Sankofa Gas Project in Ghana, the West African nation which has two competing floating LNG import and power projects also under development, has received $750 million in loans and guarantees from lending institutions of the World Bank. The Sankofa project is a natural gas field located 60 kilometres offshore Western Ghana. The gas will fuel up to 1,000 megawatts of domestic power generation, or about 40 percent of Ghana’s current installed capacity. The development of the field has been carried out by Italian energy company Eni and Vitol Group of the Netherlands in partnership with Ghana’s National Petroleum Corp. “This project demonstrates that private capital can be mobilized on a large scale to contribute to the country’s energy security,” the lenders said.