Landmark LNG project
West African Gas Limited (WAGL), a joint venture owned by subsidiaries of the Nigerian National Petroleum Corporation and Sahara Energy Resource Ltd, has been advised by global law firm Clyde & Co in its development of a liquefied natural gas import project at the port of Tema on the coast of Ghana.
This project is the first of its kind in sub-Saharan Africa. In the short term it will play a key role in alleviating Ghana’s ongoing energy crisis, but longer term it will enable Ghana to become an energy hub in the region. The project has a scheduled start-up date of Q2 2016.
The deal will see LNG cargoes shipped to Tema and then transferred to a Floating Storage and Regasification Unit (FSRU) to be moored at Tema port where the LNG will be regasified and then transported through pipelines to several power plants, which have recently been built or are under construction.
Clyde & Co Partner Dean Norton, commented: “There is an urgent and growing requirement for many African countries to develop their power sectors and this project structure provides a real solution in a short timeframe.
“As a firm we are pleased to have been able to offer the full range of expertise required for both the offshore and onshore elements of the project and look forward to working on similar projects in the future.”