Lattice Energy positions for growth in Ghana’s petroleum downstream industry

Ghanaian energy trading and supply company, Lattice Energy Ltd, says it is positioning itself to contribute to the growth of the country's petroleum downstream industry through strategic petroleum sourcing, supply partnerships and commercial energy solutions.

The company, a member of Abagona Legacy Holdings, says its expansion into the sector forms part of the Group's broader ambition to build an integrated energy and logistics business with interests across the petroleum value chain.

Lattice Energy's entry into the market builds on the Group's investments in logistics, petroleum marketing and engineering services, which began in 2017 with the establishment of Translogies, its haulage and logistics business.

In 2019, the Group expanded into petroleum marketing through Sotei Energy Limited, an Oil Marketing Company (OMC) operating in Ghana.

The addition of Lattice Energy is expected to strengthen coordination across petroleum sourcing, bulk supply, distribution and retail marketing, while creating opportunities for the Group to expand its footprint in the energy sector.

Other businesses within the Group's portfolio include Zupoil and Mataros Engineering, which reflect its interests in petroleum, logistics and engineering.

In a statement, Lattice Energy said its business model focuses on sourcing petroleum products, developing strategic supplier relationships and providing supply solutions to commercial and industrial customers in Ghana and the wider West African market.

It said the company intends to leverage strategic partnerships, operational coordination and its growing industry expertise to deliver dependable petroleum supply solutions while pursuing opportunities in regional energy trading.

The company also expressed its ambition to build a commercially sustainable indigenous business capable of competing in an increasingly interconnected regional energy market.

According to the statement, the Group intends to draw on its existing capabilities in logistics, petroleum marketing and engineering to improve operational efficiencies and explore new opportunities across the energy value chain.

Abagona Legacy Holdings Chief Executive, David Azupio, leads the broader strategic direction of the Group's growing business portfolio.

Lattice Energy said it remains focused on strengthening petroleum supply networks, creating value for stakeholders and contributing to Ghana's position in the West African energy market as it develops its operations and strategic partnerships.

The company said it looks forward to engaging industry stakeholders, business partners and investors as it advances its growth plans.