Image: South Quay Energy Trading
Indian state-owned oil and gas company IndianOil signed a Memorandum of Understanding (MoU) with Ghana’s National Petroleum Authority (NPA) to provide assistance and technical knowledge in the implementation of Ghana’s National Liquefied Petroleum Gas (LPG) Promotion Policy.
The MoU aims to strengthen relations between the companies in the field of LPG. IndianOil will support the NPA in successfully promoting safe, clean and environmentally friendly LPG for increased domestic, commercial and industrial usage. The MoU also provides for administrative assistance to IndianOil if it decides to join Ghana’s downstream petroleum sector as a commercial participant.
IndianOil will provide support to the NPA in several areas including the development of health, safety, security and environmental standards; the development of licensing, permit and legal framework; the development of economics for LPG bottling plant, pricing structure and communication strategy.
The NPA’s LPG policy plans to provide Ghanaians with 50% of LPG by 2030.