The Government of Ghana has signed a major term sheet agreement with Eni Ghana E&P, Vitol Upstream Ghana Limited and the Ghana National Petroleum Corporation (GNPC) to advance the expansion of domestic gas production under the Offshore Cape Three Points (OCTP) project.
The agreement was signed on behalf of the government by the Minister for Energy and Green Transition, John Abdulai Jinapor, alongside the Minister for Finance, Cassiel Ato Forson.
The term sheet outlines key commercial principles to support the development of new gas infrastructure under the OCTP Non-Associated Gas (NAG) Upgrade Project.
The deal builds on a Memorandum of Intent signed in September 2025, which committed the parties to collaborate on strategic investments aimed at strengthening Ghana’s energy sector and increasing domestic gas supply.
Under the proposed expansion, gas production from the OCTP project is expected to rise by up to 350 million standard cubic feet per day by 2028.
The upgrade will include the development of the Gye Nyame field, the installation of a booster compressor and the addition of a new non-associated gas system on the project’s floating production, storage and offloading vessel.
The initiative is expected to enhance energy security, reduce reliance on imported fuels and meet growing demand from industries and households.
Speaking after the signing ceremony, Mr. Jinapor described the agreement as a significant milestone for Ghana’s energy future.
“Today’s signing sends a strong signal that Ghana’s upstream petroleum sector remains open, stable and ready for investment,” he said.
He added that government remains committed to maintaining a predictable and competitive investment climate while ensuring that the country’s natural resources are developed responsibly for the benefit of citizens