Tag: gas
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LPG marketers urge government to reconsider increase in gas prices
The Liquefied Petroleum Gas (LPG), Marketers Companies Association of Ghana is asking the government to reconsider the announced 18-pesewa upward adjustment on a kilogram of LPG. According to the association, the tax will further worsen the plight of consumers and subsequently lead to a reduction in the use of the product. The association further indicated…
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Gas sub-sector becoming a fiscal burden to the country – IES study
The Institute for Energy Security’s (IES’) study of the petroleum industry reveals that the natural gas sub-sector is rapidly becoming a fiscal burden to the country due poor energy strategies, and delays in building the necessary and relevant infrastructure to off-take the processed domestic gas. Government’s poor handling of the gas sub-sector is greatly contributing…
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Gas shortage hits parts of Ghana
Parts of the Greater Accra and Central Regions have been hit by an acute shortage of Liquefied Petroleum Gas. The situation has left consumers who depend on LPG for domestic, commercial and industrial purposes stranded. Some residents who spoke to Citi News said the shortage, which started on Wednesday, October 28, is taking a toll…
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Nigeria counts on gas to ease pangs of fuel subsidy cuts
Nigeria is counting on gas-powered vehicles to help it reduce reliance on gasoline and improve its climate credentials while easing the pangs of ending decades of an expensive fuel-subsidy regime. Energy prices have shot up sharply after the government ended subsidies and the country’s labor unions are threatening a general strike on Sept. 28. After…
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Ghana Gas owes GNPC US$260 million for gas supplied – PIAC report
The first half year report on petroleum revenue management by the Public Interest and Accountability Committee, PIAC, has shown that Ghana Gas Company owes GNPC in excess of 260 million dollars for gas supplied. The issue, PIAC says continues to impact GNPC’s operations as well as other allocations that are to be made per law.…
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ENI gas inexpensive – Government
The government has clarified the cost of gas that it is taking from the Offshore Cape Three Points being operated by ENI is costly. According to the Ministry of Energy, the price of 40 million dollars per month cannot be possible as there have been negotiations for a drop in the price of gas from…
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NPA to recall all cylinders under recirculation model
The National Petroleum Authority (NPA) has told Citi Business News it would recall all cylinders currently in use with the full implementation of the cylinder recirculation model. The CEO of the NPA, Hassan Tampuli explains that the plan is to regulate the program and improve standards. “There is a stage in the implementation regime; the…
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Industry divided over reduced cost of gas
There have been mixed reactions to government’s announcement of a 26% reduction in the cost of gas to businesses that rely heavily on the product. While industry has wholly welcomed the move, some industry analysts have cautioned against the outstanding debts facing institutions involved in the supply of gas. Citi Business News spoke to a…
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Cylinder recirculation: LPG Marketers to lay off workers if sidelined
About seven thousand (7000) members of the LPG Marketing Companies Association are expected to lose their jobs if government fails to integrate the association into the cylinder recirculation policy. The LPG Marketing Companies Association has been calling for an automatic migration onto the new policy. The Vice-Chairman of the LPG Marketers Association, Gabriel Kumi disclosed that the layoffs will be the…
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LPG marketers backdown on closure of outlets
LPG operators have announced the rescheduling of the maintenance of their retail outlets with immediate effect. The move according to the businesses, is to ensure uninterrupted supply of liquefied petroleum gas. The decision was arrived at after an emergency meeting between OMCs, Ghana Liquefied Petroleum Gas Operators and the Liquefied Petroleum Gas Marketing Companies on…