Global energy giant, ENI, has lauded the government for fostering a highly collaborative and investor-friendly environment, reaffirming the organisation’s commitment to deepening its presence in the country’s energy sector.
It expressed strong satisfaction with the government’s commitment to building a stable and transparent regulatory framework, which has helped create a conducive climate for investment.
The commendation came during a meeting held in Accra with the Minister of Energy and Green Transition, Mr John Abdulai Jinapor, the Minister of Finance, Dr Cassiel Ato Forson, and the Minister of Roads and Highways, Mr Kwame Governs Agbodza.
Future investment
The meeting brought together senior government officials and top executives of ENI to review the progress of ongoing operations, explore future investment opportunities and strengthen partnerships in the upstream petroleum sector.
A major highlight was ENI’s confirmation of a significant ramp-up in gas supply, now reaching 270 million standard cubic feet per day (mmscfd), reinforcing the company’s strategic role in meeting Ghana’s energy demands.
The company also announced its readiness to inject additional capital into Ghana’s upstream sector, citing optimism about the country’s energy prospects.
Contributions
Mr Abdulai Jinapor praised ENI’s continued contributions, particularly its recent declaration of commerciality, a milestone he described as "a testament to ENI’s commitment and success in Ghana’s energy landscape."
“The progress made over the past six months alone surpasses that of the last eight years. ENI’s operations have had a ripple effect, catalysing new investments and boosting investor confidence in the sector,” the minister said.
Finance Ministry
The Minister of Finance, Dr Cassiel Ato Forson, for his part, acknowledged ENI’s resilience and forward-looking stance despite past challenges.
He assured the company of the government’s continued support, including the restoration of a $500 million partial risk guarantee by the first quarter of 2026.
“I am impressed with ENI's steadfast commitment,” Dr Forson said. “We remain committed to ensuring timely payments and establishing a framework that will sustain growth and investor trust,” he said.
He further encouraged ENI to intensify exploration and production efforts in line with the country’s ambition to scale up oil production to 500,000 barrels per day in the near future.
The meeting underscored a renewed spirit of collaboration between the government and ENI, signalling a promising outlook for the country's energy sector anchored on mutual trust, policy stability, and shared vision for growth.
