The Chief Executive Officer (CEO) of the Ghana National Gas Company (Ghana Gas), Dr. Ben K. D. Asante, has emphasised the importance of embracing new gas markets in the energy transition discourse during a stakeholder round table discussion held yesterday July 4, 2023.
With the theme “Embracing New Gas Markets in the Energy Transition Discourse, the Role of Stakeholders,” the event gathered key industry players to discuss the crucial role of stakeholders in Ghana’s energy transition journey.
During the discussion, Dr. Asante highlighted the need for a balanced approach to the energy transition that considers both environmental responsiveness and economic impact.
He stressed that the transition should be gradual rather than abrupt and should be driven by factors such as fuel type and location.
“Gas should be the preferred transitional fossil fuel choice based on low carbon emissions and cost,” stated Asante, emphasizing the benefits of natural gas as an intermediate energy source.
“Gas provides a cleaner alternative to traditional fossil fuels, contributing to lower carbon emissions while being cost-effective,” he stated.
Mr. Asante also stressed the importance of Africa looking within itself for financing capital projects during the transition period.
He urged the continent to explore internal funding sources and build the necessary intellectual capacity to manage these projects effectively.
“Africa needs to tap into its own resources to finance capital projects and should strive to develop the requisite intellectual capacity to manage these projects,” Dr. Asante further stated, highlighting the potential for Africa to become self-reliant and drive its own energy transition.
