To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, how much funding British International Investment has provided for liquified natural gas projects in Ghana; when the (a) investment was awarded and (b) projects are due to be completed; and how much liquified natural gas is expected to be produced.
19 June 2023
All investments made by British International Investment (BII) are aligned with HMG's fossil fuels and other relevant policy. In 2017, BII made an investment into Africa Infrastructure Investment Fund III (AIIF III), which then invested a proportion of this in a liquefied natural gas (LNG) importation project, the Tema LNG Import Terminal project, in February 2020. The commercial operations are expected to commence in 2025. This project will not produce natural gas but will have an import capacity to Ghana of 1.7 million tons of gas per year. BII has not invested in LNG production or export projects in Ghana.