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US: Houston mayor pledges to woo Texan energy firms to invest in Ghana

Energy Minister Dr Mathew Opoku Prempeh on Tuesday, 18 August 2021, paid a courtesy call on the Houston mayor Sylvester Turner at his office to discuss energy sector issues in the context of energy transition, Ghana’s investment climate, international trade and the empowerment of Africa in the global scheme of things.

In his remarks, Dr Prempeh stated that Ghana’s first oil find in commercial quantities was by Kosmos, a Houston-based company, which left the country but is now back.

He further emphasised Ghana’s huge gas reserves, which must be monetised for the benefit of the country’s industrial agenda while making the case for companies to invest in Ghana.

Mr Turner agreed that it was important not to let resources that can change Africa’s course lie dormant.

He further noted that from Senegal to Angola, huge gas reserves make it imperative to discuss ways in which the continent can benefit from them within the framework of the energy transition conversation.

The mayor noted that through clean technology, investments in carbon sequestration was possible to make good progress toward clean energy.

Dr Prempeh was pleased by Mr Turner’s pledge to make a great case for Ghana, as an investment destination for Texan energy companies.

Ghana’s energy minister is with a delegation from the West African country participating in the Offshore Technology Conference (OTC) 2021 in Houston with the aim to woo investors to take advantage of, and invest in the vast opportunities available in Ghana’s upstream and downstream petroleum industry.

Source: Classfmonline.com

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