Ghana: Eni gets nod for gas project

GHANA’S government had given Italian energy firm Eni the final green light to develop gas resources in the Offshore Cape Three Points block, expected to begin production in 2017, it said yesterday. The government, hoping to boost oil and gas production, said in a statement that it also planned to acquire a third floating production storage and offloading (FPSO) vessel, to be used for the $6 billion (R65.6bn) offshore project which must now be approved by Ghana’s parliament. A senior official at Ghana National Petroleum Corporation, a partner in the project, said that the $6bn total covered all costs leading to production of oil and gas, including the initial cost of the FPSO, which would be leased. – Reuters