GOIL to Commission 12,000 Metric Tons of LPG Storage Capacity in Ghana

CAPE TOWN, South Africa – October 7, 2025 — GOIL PLC, Ghana’s leading oil and gas marketing company, has announced plans to commission an additional 12,000 metric tons of liquefied petroleum gas (LPG) storage capacitywithin the next year. The $50 million investment forms part of the company’s broader strategy to enhance energy security and bridge infrastructure gaps in the country’s downstream petroleum sector.

Speaking during a panel session at Africa Energy Week (AEW): Invest in African Energies 2025, Edward Abambire Bawa, Group CEO and Managing Director of GOIL PLC, said the expansion represents a transformative step toward meeting Ghana’s rising domestic LPG demand.

“This storage limitation is a challenge and a prime investment opportunity. Expanding infrastructure is fundamental to unlocking the full monetisation potential of LPG, benefiting producers, distributors, and end consumers alike,” said Bawa.

Expanding Energy Infrastructure

With baseline consumption reaching 340 million kilograms of LPG in 2024, Ghana’s current storage capacity covers just two to three weeks of national demand. GOIL’s expansion project seeks to address this shortfall and strengthen supply resilience across the country.

The company has also launched multiple Autogas stations across five regions, including Accra and Kumasi, and recently inaugurated a polymer-modified bitumen terminal in Tema to support broader energy and industrial needs.

Beyond infrastructure, GOIL aims to enhance access to clean energy in underserved areas through innovative financing models and digital payment systems that align with household cash flows.

Regional Context and Expert Insights

Mohammed Amin Naderian, Head of Energy Economics & Forecasting at the Gas Exporting Countries Forum (GECF), underscored the critical role of LPG in sustainable energy transitions.

“Monetising gas is not simply about producing greater volumes but about creating value along the entire supply chain—from production to distribution and household consumption,” he noted.

He cautioned that while policy frameworks can catalyze progress, poorly designed or inconsistent regulations may cause market distortions. Stable and transparent governance, he emphasized, is vital for sustaining investor confidence and promoting inclusive growth.

Broader African Perspective

Sebastian Wagner, Managing Partner at DMWA Resources, pointed to Rwanda’s example of using transparent investor incentives and digital payment models to enhance LPG adoption.

“LPG often flies under the radar compared to LNG, but it is gaining momentum through well-structured investments and government partnerships aimed at reducing gas flaring and capturing value,” Wagner explained.

From a South African standpoint, Sesakho Magadla, CEO of PetroSA, highlighted that while LPG demand continues to grow, infrastructure investment has not kept pace.

“New investments in reverse flow pipelines and terminals in Durban are key to meeting national demand. But only through public-private partnerships can we achieve sustainable supply and market stability,” Magadla said.

Source:

African Energy Chamber — via APO Group