Audio By Carbonatix The Government of Ghana has signed a major term sheet agreement with Eni Ghana E&P, Vitol Upstream Ghana Limited and the Ghana National Petroleum Corporation to advance plans for the expansion of domestic gas production under the Offshore Cape Three Points (OCTP) project. The agreement was signed by John Abdulai Jinapor on behalf of the government alongside Cassiel Ato Forson. The term sheet establishes a framework of commercial principles to support the development of new gas infrastructure under the OCTP Non-Associated Gas (NAG) Upgrade Project. The latest agreement follows a Memorandum of Intent signed in September 2025, which committed the parties to collaborate on strategic investments aimed at strengthening Ghana’s energy sector and increasing domestic gas supply. Under the proposed expansion, gas production from the OCTP project is expected to increase by up to 350 million standard cubic feet per day by 2028. The upgrade will be driven by the development of the Gye Nyame field, as well as the installation of a booster compressor and a new non-associated gas system on the project’s floating production storage and offloading vessel. The project is expected to enhance Ghana’s energy security, reduce dependence on imported fuels and support rising demand from industries and households. Speaking after the signing ceremony, Mr Jinapor described the agreement as a significant milestone for Ghana’s energy future. “Today’s signing sends a strong signal that Ghana’s upstream petroleum sector remains open, stable and ready for investment,” he stated. He added that the government remains committed to creating a predictable and competitive environment for investors while ensuring that the country’s natural resources are developed responsibly for the benefit of all Ghanaians. DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited. Tags: Energy Minister Gas Ghana John Jinapor DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited. Related to this story Ghana climbs in global press freedom rankings, ranks 39th worldwide Ghana launches National Mental Health Campaign with 24/7 digital care platform Gender Ministry rallies support for Ghana’s bid to UNCRPD Expert Committee seat Ghana High Commission invites global investors to Ghana-UK Investment Summit 2026 Ghana borrows GH¢20.48bn from Treasury bill auctions in April 2026 Diaspora African Forum commits to advancing Ghana’s diplomatic agenda Ghana’s fishers hold the knowledge, why are they not shaping policy? GNFS honours firefighters on International Firefighters’ Day 2026 Ghana’s Ambassador to Libya commends CEO of Afro Arab Group PSG, Manchester United lead race for FC Nordsjaelland star Prince Amoako Jnr Latest Stories MELPWU declares nationwide strike over removal of Korle-Bu Laboratory Head2 minutes John Jinapor signs key gas expansion agreement to boost Ghana’s energy security10 minutes Absa Bank launches Island Escape promotion offering trips to Mauritius and local getaways17 minutes Opoku-Agyemang visits Ghana Medical Trust Fund, commends progress on healthcare initiative19 minutes IndigoHomes showcases green vision with tree planting at GreenwichPark19 minutes What Ananse knew about the web before AI existed — and why Ghana must govern it now21 minutes AI in Lending: Progress, risks, and the governance imperative26 minutes We must move beyond politics — Weija-Gbawe MP demands use of completed health facility36 minutes Akosombo, Ghana National Research Fund, and the imperative of investing in national capacity39 minutes Weija-Gbawe MP frustrated over delayed opening of completed children’s hospital42 minutes BoG not meant to make profit – Majority defends losses1 hour BoG losses must not be interpreted through narrow commercial banking lens – Eric Afful1 hour Gap co-founder Doris Fisher dies aged 941 hour Climate Evidence: Chorkor fishmongers trapped between livelihood and harmful smoke exposure1 hour Roads Minister completes tour of Savannah, Upper West projects, assures timely delivery1 hour