CAPE TOWN, South Africa, October 7, 2025 – GOIL PLC, Ghana’s leading oil and gas marketing company, has announced a landmark LPG storage expansion in Ghana, with the commissioning of an additional 12,000 metric tons of liquefied petroleum gas (LPG) capacity planned for next year.
The $50 million project forms a cornerstone of GOIL’s national energy infrastructure strategy, aimed at enhancing energy security, supporting domestic consumption, and expanding access to cleaner fuels across West Africa.
Speaking at Africa Energy Week (AEW): Invest in African Energies 2025 in Cape Town, Edward Abambire Bawa, Group CEO and Managing Director of GOIL PLC, said the company’s investment marks a major step forward in addressing Ghana’s growing LPG demand and supply-chain limitations.
“Our goal with the GOIL LPG storage expansion in Ghana is to close the national supply gap. Current storage facilities cover only two to three weeks of demand, and this presents both a challenge and an opportunity,” Bawa stated.
“By expanding our storage and distribution capacity, we will unlock full monetisation potential for LPG while improving access for end-users nationwide.”
Bridging LPG Infrastructure Gaps in Ghana and Beyond
According to the company, Ghana’s baseline LPG consumption reached 340 million kilograms in 2024, underscoring the need for robust infrastructure.
Limited LPG facilities remain a major constraint on distribution to rural and peri-urban areas, where access to clean cooking energy remains low.
The GOIL LPG storage expansion in Ghana is designed to directly address these deficits and stimulate wider private-sector participation in the downstream gas sector.
Bawa highlighted that GOIL’s expansion aligns with Ghana’s national clean energy transition strategy.
The company is rolling out Autogas refueling stations across key regions including Accra, Kumasi, and Takoradi, alongside the commissioning of a polymer-modified bitumen terminal in Tema.
Together, these initiatives reflect GOIL’s commitment to integrated energy infrastructure that supports both household and industrial needs.
“Expanding LPG infrastructure is fundamental to the country’s energy resilience,” Bawa added. “It creates value at every level—from producers to distributors to final consumers.”
Regional Leaders Highlight Investment and Policy Priorities
The discussion at AEW also explored broader regional challenges related to limited LPG infrastructure and investment uncertainty.
Mohammed Amin Naderian, Head of Energy Economics and Forecasting at the Gas Exporting Countries Forum (GECF), emphasized that monetizing Africa’s gas resources requires a full value-chain approach.
“LPG plays a pivotal role in sustainable development,” he said.
“The GOIL LPG storage expansion in Ghana exemplifies how infrastructure investment can create long-term value. However, success depends on consistent policies that encourage private investment and enable industrial growth.”
Naderian cautioned that poor or inconsistent policy design could lead to market distortions, adding that stable, transparent regulations are crucial for investor confidence and long-term sustainability.
Echoing this sentiment, Sebastian Wagner, Managing Partner at DMWA Resources, pointed to Rwanda’s LPG market as a success story built on clarity, transparency, and technology-driven payment models.
“Digital payment systems tailored to household cash flows are helping Africa’s LPG sector achieve inclusivity and scale.
The GOIL LPG storage expansion in Ghana could become a model for combining local investment with innovative financing,” Wagner stated.
LPG Demand Surge and Regional Supply Opportunities
From a South African perspective, Sesakho Magadla, CEO of PetroSA, noted that while LPG demand continues to grow—reaching 350,000 metric tons annually and up to 550,000 metric tons during peak periods—storage and transport infrastructure remain bottlenecks.
“Investments in reverse flow pipelines and import terminals are critical,” Magadla explained.
“The lesson for Africa is clear: partnerships between public and private sectors, like GOIL’s approach, are essential for securing regional supply chains and promoting stability in LPG distribution.”
Driving Energy Access and Sustainability in Ghana
The GOIL LPG storage expansion in Ghana is not just an infrastructure project but a socioeconomic catalyst, expected to generate hundreds of direct and indirect jobs while empowering local enterprises through subcontracting opportunities.
Approximately 40% of subcontracts will be awarded to Ghanaian SMEs, promoting inclusive growth and skills transfer within the energy sector.
By integrating sustainability principles, the project will also adhere to climate-resilient design standards, supporting Ghana’s national commitment to reduce carbon emissions through cleaner fuel adoption and reduced biomass reliance.
As GOIL continues to champion indigenous energy solutions, the company reaffirms its role as a key player in West Africa’s energy transformation.
The GOIL LPG storage expansion in Ghana symbolizes a new chapter in the nation’s energy independence, demonstrating how local innovation, regional partnerships, and private investment can collectively advance Africa’s energy future.
Distributed by APO Group on behalf of African Energy Chamber.
About GOIL PLC
GOIL PLC is Ghana’s largest indigenous oil marketing company, operating across retail, aviation, marine, and industrial energy sectors.
With an extensive national network and a commitment to sustainability, GOIL continues to play a central role in ensuring energy accessibility and reliability across Ghana and West Africa.
SOURCE: African Energy Chamber
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