ABSTRACT
Despite the ongoing transition from hydrocarbons to cleaner fuels, oil and gas will still be relevant to provide the energy needs of most countries in the short to medium terms. This makes the storage of oil and gas together with their derivatives critical following the increasing demand for these products and the volatility of their prices. Countries worldwide have deployed strategies to strategically reserve these petroleum products to smoothen the possible demand and supply mismatches, thereby providing price stability and energy security. The type and nature of the storage infrastructure, therefore, remain important in the storage of these products. This infrastructure has to be periodically maintained, inspected, audited, and well-calibrated to achieve the desired goals. Despite how vital this storage infrastructure is, there is a wide infrastructure gap between emerging and developed economies with intrinsic potential for good business opportunities. Using Ghana, one of the fastest-growing oil and gas economies in Africa as a case study, this chapter shows how developing countries manage their strategic reserves.
