Skip to main content

Posts

Showing posts with the label Draft Gas pricing Policy to be ready March

Draft Gas pricing Policy to be ready March

By Kofi Ahovi The Ministry of Energy is expected to come up with a draft Gas Pricing Policy by the end of March this year, BusinessWeek has gathered. It is expected that the Gas Pricing Policy will demand the sector to create a structured and transparent framework for gas pricing. The draft policy will enable the government to adequately and efficiently price its gas thereby providing incentives for a more efficient gas industry. The draft policy will be presented to cabinet for scrutiny and eventually presented to parliament for approval To this effect, the Ministry of Energy would be meeting with a consultant this week to draft the modalities. The World Bank is sponsoring the consultancy. “The pricing policy does not fix gas prices but provides a framework for establishing minimum gas price that can be charged to any category of buyer,” the source told Business Week. The government recently secured a US$3 billion Chinese loan facility of which US$150 million will finan...