In furtherance of our noble mandate, we appreciate that prudent commercialization of the gas from the Tano Basin is the cornerstone of accelerating our national economy. As a result, Ghana Gas will enter into upstream and downstream commercial agreements with Tano Basin gas producers and downstream customers such as Independent Power Producers, Fertilizer production and Petro Chemical Companies in a responsible, transparent and professional manner.
Our Commercial Department is thus charged with the responsibility for drafting, negotiating, executing and managing gas commercial contracts with our partners. These contracts set out the rights and obligations of buyers and sellers. Each transaction within the gas commercial chain will require an enforceable agreement with valid gas supply and a tariff. The Department will also lead efforts in the areas of tariff preparation and liaise with our regulators.
As a vertically integrated company, Ghana Gas will sell gas to customers on a delivered basis. The Company will also manage contractual risks across gathering, processing, transportation and sales commercial chain.