The Government of Ghana has taken a major step toward strengthening its energy security with the signing of a key agreement to expand domestic gas production under the Offshore Cape Three Points (OCTP) project.
On Tuesday, May 5, the Minister of Energy and Green Transition, John Jinapor, together with the Minister for Finance, Cassiel Ato Forson, represented government in signing a term sheet with Eni Ghana Exploration & Production, Vitol Upstream Ghana Limited, and the Ghana National Petroleum Corporation.
The agreement outlines key commercial principles to support the development of new gas infrastructure under the OCTP Non-Associated Gas (NAG) Upgrade Project, marking a significant milestone in Ghana’s upstream petroleum sector.
According to Dr. Jinapor, the deal builds on a Memorandum of Intent signed in September 2025, which committed the parties to collaborate on strategic investments aimed at boosting the country’s energy capacity.
He revealed that the planned upgrade could increase gas production from the OCTP project by up to 350 million standard cubic feet per day (MMscfd) by 2028. The expansion will be driven by the development of the Gye Nyame field, alongside the installation of a booster compressor and a new non-associated gas system on the project’s floating production storage and offloading vessel.
The OCTP project currently plays a central role in Ghana’s energy mix, supplying a significant portion of gas used for power generation. Officials say the expansion will help reduce reliance on imported fuels while meeting rising demand from industries and households.
Dr. Jinapor described the agreement as a strong signal to investors that Ghana remains a stable and attractive destination for energy investment, adding that the government is committed to ensuring responsible resource development for national benefit.
