Ghana Gas granted Genser a discounted gas price in 2019 – Energy Ministry clarifies

The Ghana National Gas Company (GNGC or Ghana Gas), according to data accessible, gave Genser Energy a discounted gas price of $6.50 MMBtu as long back as 2019.

The Ministry claims that there is adequate supporting documentation to show that Ghana Gas and Genser signed a gas sales agreement in April 2018.

According to the Ministry, the purpose of the Gas Sales Agreement was to make it possible for the company to buy gas for its power plants.

According to the Ministry, these incidents unequivocally demonstrate that Ghana Gas and its management have been in charge of all dealings with Genser.

In a statement, the Ministry refuted charges made by the Senior Staff Association of Ghana Gas that the Minister, Dr. Matthew Opoku Prempeh, is treating the Genser case unfairly.

The Senior Staff Association is adamantly opposed to a running gas agreement with Genser, contending that it underpays the state and jeopardizes Ghana Gas’ continued existence.

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The Ministry stated that the assertion was “misconceived, borne out of poor faith, and a premeditated attempt to muddy the waters for selfish advantages.”

“This matter is being investigated by the Parliamentary Committee on Mines and Energy. The Ministry is mindful of the legal consequences of discussing the same in those circumstances.”

The statement went on further to say that President Akufo-Addo further referred the matter to the Ministry, the Petroleum Commission, and the Energy Commission for investigations.

“A report in this respect has been delivered to His Excellency the President,” the Ministry added.

It continued that “the Minister wishes to state emphatically that;

a) neither he nor anyone else acting on behalf of the Ministry has signed any contract with GENSER

b) the only contracts signed with Genser on record are by GNGC and GNPC.

c) This contract between GENSER & GNGC predates the Minister’s tenure at the Ministry of Energy and was signed on behalf of the GNGC by Dr.

Ben Asante, its CEO and the Ministry duly informed.”

The Senior Staff Association has shifted the goal posts and is now talking about the Ministry of Energy giving approvals before they execute contracts, according to the Ministry, which finds their new attitude, as stated in their second release, hypocritical.

The Ministry asks them, “Why do you think the Association believes that GNPC must seek the same approval from the Ministry if Ghana Gas does not come to the Ministry for it?”

In an effort to put an end to the dispute once and for all, the Ministry promised that it will soon make a copy of the signed contract between Genser and Ghana Gas accessible for inspection along with other papers.

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