The Access LNG is a joint-venture between Helios Investment Partners and Gasfin Development, to develop and operate new LNG facilities for developing markets in Tema, which is home to several power stations in Ghana.
An EAIF loan is part of the financing for the Floating Regasification Unit (FRU). The FRU is to work in conjunction with an LNG carrier that is to serve as the Floating Storage Unit (FSU). The construction of both the FRU and the FSU is almost completed.
The construction of the project began in 2018. The vessel is under construction at the Jiangnan Shipyard and is to be delivered before the end of the year.
The fixed infrastructure element of the project was financed under a separate financing package. That element consists of a breakwater, mooring facilities, a subsea pipeline and an 8-km onshore pipeline to take the gas from the port to Tema’s industrial area.
According to data from Gasfin’s website, the company is leading the design of the project and the fabrication of the floating infrastructure, which is helping to deliver the 2 mtpa+ LNG plant. The FSU will work in conjunction with an upgraded 127,500-cbm LNG carrier to deliver 250 mmscfd natural gas. It will also provide facilities to bunker, reload or breakbulk LNG.