Ghana signs OCTP Gas expansion deal to boost domestic supply by 2028
The Government of Ghana has entered into a key term sheet agreement with Eni Ghana E&P, Vitol Upstream Ghana Limited, and the Ghana National Petroleum Corporation to move forward with plans to expand domestic gas production under the Offshore Cape Three Points (OCTP) project.
The agreement was signed on behalf of the government by John Abdulai Jinapor, alongside Cassiel Ato Forson. It outlines key commercial terms to guide the development of new gas infrastructure under the OCTP Non-Associated Gas (NAG) Upgrade Project.
This latest step builds on a Memorandum of Intent signed in September 2025, which committed all parties to work together on strategic investments aimed at boosting Ghana’s energy capacity and increasing local gas supply.
The planned expansion is expected to raise gas output from the OCTP project by up to 350 million standard cubic feet per day by 2028.
The upgrade will involve developing the Gye Nyame field, as well as installing a booster compressor and a new non-associated gas system on the project’s floating production, storage, and offloading vessel.
Officials say the project will strengthen Ghana’s energy security, cut reliance on imported fuels, and meet growing demand from both industry and households.
Speaking after the signing, Mr Jinapor described the agreement as a major step forward for the country’s energy sector.
“Today’s signing sends a strong signal that Ghana’s upstream petroleum sector remains open, stable and ready for investment,” he said.
He added that government is committed to maintaining a stable and competitive environment for investors while ensuring that the country’s natural resources are developed responsibly for the benefit of citizens.
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