GOIL PLC, Ghana’s leading oil and gas marketing company, is planning to commission an additional 12,000 metric tons of liquefied petroleum gas (LPG) storage capacity in the next year, anchored by a $50 million investment.
Speaking during a panel at Africa Energy Week (AEW): Invest in African Energies 2025, Edward Abambire Bawa, Group CEO and Managing Director of GOIL PLC, said the company was spearheading a transformative expansion in LPG storage capacity to address growing domestic demand and to strengthen the country’s energy security.
Guided by the 2024 baseline consumption of 340 million kilograms of LPG sold nationally, this strategic expansion aims to bridge critical supply gaps where current storage capacities only cover two to three weeks of national demand. “This storage limitation is a challenge and a prime investment opportunity. Expanding infrastructure is fundamental to unlocking the full monetisation potential of LPG, benefiting producers, distributors, and end consumers alike,” Bawa added.
GOIL’s recent initiatives demonstrate a broad commitment to infrastructure development. This includes the launch of multiple Autogas stations across five regions nationwide, including Accra and Kumasi. Additionally, the inauguration of a polymer-modified bitumen terminal in Tema aims to support related energy needs. The company’s distribution network spans across Ghana, servicing diverse consumer segments while maintaining sustainable growth and investment partnerships.
The company recognizes the challenges presented by limited LPG infrastructure, especially in rural areas. It is committed to expanding access through well-designed policies, greater investment, and innovative business models, including digital payment solutions that cater to household cash flows.
“Our research at GECF highlights that LPG is a critical component within the broader narrative of gas’s role in sustainable development. Monetising gas is not simply about producing greater volumes but about creating value along the entire supply chain. This encompasses production through storage, transportation, distribution, and finally reaching the household consumer. In Africa particularly, market creation and capacity development are two sides of the same coin,” said Mohammed Amin Naderian, Head of Energy Economics & Forecasting Department from the Gas Exporting Countries Forum (GECF).
“We caution against mistaking policy as the solution itself. Policy acts as a catalyst to break poverty and energy poverty traps, accelerating monetisation through industrialisation and job creation for Africa’s youth. However, if policies are poorly designed or inconsistent, they risk market distortions or abrupt collapses. Stable, well-designed, and transparent regulations are essential to reduce investment risks and create predictable futures for investors and consumers alike,” he added.
Sebastian Wagner, Managing Partner at DMWA Resources, citing successful experiences in countries like Rwanda, stressed the importance of stable regulations, transparent investor incentives, and innovative business models like digital payments to match household cash flows. He further highlighted the ongoing efforts to integrate LPG into Africa’s broader energy transition. “LPG often flies under the radar compared to LNG, but it is gaining momentum through well-structured investments and government partnerships aimed at reducing gas flaring and capturing value.”
Speaking from a South African perspective, Sesakho Magadla, CEO, PetroSA, noted, “LPG demand in South Africa is largely driven by population growth and energy demand increases, yet infrastructure development continues to lag behind. We currently see about 350,000 metric tons of LPG consumed annually, with peak demand reaching 550,000 metric tons in winter and summer months.
“New investments in reverse flow pipelines and terminals in Durban is therefore aimed at unlocking the capacity needed to meet national demand. But it is only through public and private sectors collaborating closely, with projects like SANPC and Avedia Energy, that we will improve LPG importation and distribution capacity for improved market stability and access.”
👋 DooweGas is on a mission to ignite the future of energy, and we want YOU to be a part of it! Our YouTube channel is the place for in-depth analysis, expert interviews, and the latest breakthroughs for professionals, investors, and policymakers in the energy sector.
Why Subscribe NOW?
Exclusive Content: Get cutting-edge insights you won’t find anywhere else.
Expert Analysis: Understand the “why” and “how” behind the biggest energy stories.
Community: Join a growing network of passionate energy professionals.
Be a Pioneer: Help us build the ultimate resource for African energy intelligence!
We’re thrilled to announce that Doowe Gas will be live at NLCGA 2025 🎉
📍 Booth Number A1
📅 15–16 October, 2025
📌 Landmark Centre, Victoria Island, Lagos
Join us as we showcase reliable energy solutions and why more businesses are making the switch to Doowe Gas – Nigeria’s Largest Online Cooking Gas Retailer.
✅ Discover innovative LPG solutions
✅ Learn how we’re powering homes & businesses sustainably
✅ Connect directly with our team
👉 Don’t miss this chance to experience the future of energy with Doowe Gas!
✨ Limited-Time Exclusive Offer for Our Next 900 Subscribers! ✨
To celebrate our journey to 1000, the next 900 people who subscribe to our channel will receive an exclusive, in-depth access to our research from DooweGas on “The Future of LPG in West Africa: Opportunities & Challenges,” absolutely FREE! This is invaluable for anyone in the energy space.
Join The DooweGas Mentorship Access By Doowe investment limited
Annual Access – DooweGas Mentorship WhatsApp Group
Unlock premium, year-round access to our exclusive community of serious gaspreneurs and experts.
What You Get:
Business insights from seasoned operators
Live Monthly Sessions: With industry leaders and DooweGas experts
Sales Strategies: Learn how to scale bulk sales, B2B, and cylinder tracking
Business Support: Ask questions, get feedback, and learn from real gaspreneurs
Group Referrals: Connect with reliable vendors, customers, and suppliers
Private Group Access: 24/7 interaction and guidance from mentors and alumni
How To Join And Take Advantage Of This Opportunity: Click: https://shorturl.at/vRq7w
Don’t miss out on this incredible opportunity to deepen your knowledge and get a valuable resource straight from Nigeria’s leading LPG retail company!
Join the conversation on youtube. Get informed. Get empowered. Subscribe today!
➡️ Click here to subscribe and claim your FREE access: https://www.youtube.com/@doowegas/
Source : aecweek.com
