Nigeria’s $100m gas debt recovery from Ghana extended to 2019

Nigeria’s projection for $100 million gas debts recovery from Ghana before the end of this year has been dashed. It was learn’t that Ghana, which had earlier promised to pay the money, being the second tranche of a $160 million debt, had shifted payment from December 2018 to the first quarter of 2019.

It was learnt that this came as pressure being mounted on Ghana regarding the December deadline for payment of $100 million gas debts to Africa’s biggest crude exporter could not yield the desired result. The government of Ghana, a document of West African Gas Pipeline Company (WAPCO) showed, owes Nigeria’s N-Gas $160 million. A first tranche of over $60million, the document added, had been paid.

General Manager, Corporate Affairs of West Africa Gas Pipeline Company (WAGPCo), Mrs. Harriet Wereko-Brobbey, however, said on the side-line of a meeting with energy editors in Lagos that the promise made for payment in December by the Ghanaian government is unlikely to be met.

Source: New Telegraph

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