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    Ghana Gas Pipeline Delayed Till April

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Summary

Ghana's natural gas pipeline will not begin pumping gas before next April, Reuters reported citing a statement by country's deputy energy minister.

by: Shardul

Posted in:

Asia/Oceania

Ghana Gas Pipeline Delayed Till April

Ghana's natural gas pipeline will not begin pumping gas before next April, Reuters reported citing a statement by country's deputy energy minister.

The undersea pipeline which runs from the offshore Jubilee field to a thermal plant near the port city of Takoradi has been hit by funding and other delays, according to Reuters.

"By the end of Q1 the facility should be ready. Within Q2 we should be producing gas," Deputy Energy Minister John Jinapor told Reuters in London on Wednesday.

The pipeline is funded through a loan from the China Development Bank and a further cause of the delay has been holdups in disbursement of the loan with $500 million of $850 million received to date, Jinapor said.