Gasol plans to develop its own sources of field gas in West
Africa and supply that gas for power generation, replacing more
expensive imported fuel oil.
Gasol is focussed on acquiring and developing discovered gas
opportunities as a more robust risk/reward proposition than an
Gasol LNG Import has been working to develop an interim gas
supply solution through the provision of regasified LNG.
The Company aims to sign gas sales agreements for regasified LNG
to develop a gas market prior to substituting natural gas for
Gasol is currently developing LNG Import Projects in Malta and
Gasol intends to develop gas distribution infrastructure within
countries in West Africa to increase the market for LNG and natural
gas by providing access to gas to power plants and major commercial
and industrial users.
Gasol will work in partnership with the national gas companies
in the West Africa region to plan, finance and construct gas
storage, distribution facilities, pipelines and local distribution
Gasol Power intends to acquire equity positions in the power
plants to which it supplies gas.
The objectives of these investments are to encourage the growth
of gas-fired generation in West Africa, to substitute liquid fuel
use and to use Gasol's influence in the power projects to cement
its position as gas supplier to the projects.