Senior Minister, Yaw Osafo Maafo, has said an exemplary performance by Chinese oil and gas conglomerate, Yantei Jereh, on a gas pipeline infrastructure project, could lead to more opportunities for the company in the sub-region.
“Ghana is the centre of the West African alliance and an exemplary performance by Jereh on the gas pipeline infrastructure project would lead to many other opportunities both in Ghana and other West African countries.
This project will further promote the economic and trade cooperation between China and Ghana under the “One Belt, One Road” initiative,” Mr. Maafo said.
In April, 2017, Jereh Group and the Ghana National Gas Company (GNGC) signed a Project Implementation Agreement for the Aboadze-Tema Natural Gas Transportation Pipeline and Gas infrastructure Project.
Under a 15-year Build, Operate and Transfer (BOT) mode, the terms of this agreement triggered the immediate commencement of preliminary site works as well as Front-End Engineering Design (FEED) activities which are currently on going.
The Jereh Group is responsible for the design, financing, construction, operation, maintenance and management of the project.
Last week, a delegation of Ghanaian government officials, led by the Senior Minister, visited the Jereh Group’s headquarters in Yantai, China, for a strategic cooperation summit which was aimed at achieving shared growth through a win-win discussion and collaboration.
During the visit to Jereh’s state-of-the-art industrial oil and gas manufacturing complex, Mr. Osafo Maafo, described Jereh as being a highly experienced and capable organisation in the oil and gas services sector and expressed optimism regarding the companys impressive development potential.
“My impression of this company is first class, and what I have seen of this company is first class,” he said.
The two parties had an in-depth discussion on the Aboadze-Tema Gas Transportation Pipeline Project as well as other areas of mutual synergy and future opportunities for cooperation such as pipelines, refineries, petroleum storage, LNG/CNGsystems, LPG distribution and natural gas compression.
Jereh Group’s Chairman and co-founder, Sun Weijie stated: “as one of China’s largest independent oil and gas companies, Jereh Group will harness its resources and capabilities into numerous other opportunities within the Ghanaian energy sector.
We are happy to have signed a project implementation agreement (PIA) with Ghana for the construction of a critical natural gas infrastructure.
We believe it will be a catalyst for economic growth and major industrialization across the coastline of Ghana and the Gas Infrastructure project is certainly not the end of our collaboration.
On the contrary, we perceive this step as the beginning of many great things to come.
We believe that we can turn Ghana’s strategy of “one district, one factorys’ into a reality,” he added.
The Mayor of Yantai City, Zhang Yongxia, and her team of Yantai government officials in the Dongshan State Mansion expressed her gratitude to the delegation for the visit.