Gov't working on new bill for gas sector to boost investor confidence

Government is introducing a new gas bill that will consolidate all regulations in the gas sector as part of government’s move to among others, increase investor confidence in the sector Deputy Energy Minister, Dr. Amin Adams who announced this said the move is key to providing certainty and predictability for investors in the sector. The new gas bill was part of recommendations by the gas master plan committee. It is expected to address the issues of pricing, regulation and streamline the primary and secondary gas markets. Speaking at the opening of the Ghana gas conference in Accra, Dr. Adams said when approved, the bill will make the oil and gas sector more attractive. “A comprehensive gas bill is being drafted to consolidate gas sector regulations within the emerging global regulatory space and increase investor confidence,” he revealed He expressed optimism that the bill will be passed into law by early next year. “We are hopeful that it will be ready by early, 2019, but all will depend on parliamentary proceedings and the speed they work with”. Executive director of the gas consortium, Senam Gbeho, emphasised the need for more investment into the sector. The two day Ghana gas conference is on the theme driving Ghana’s downstream gas utilization. By Grace Asare|3FM|Ghana]]>

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