Vopak, ExxonMobil plan South Africa LNG import terminal

Dutch storage firm Vopak and US-based energy giant ExxonMobil are joining forces to build an import facility and bring LNG to South Africa.

Units of the two firms signed a memorandum of understanding to work on a feasibility study. The study would assess the commercial, technical and regulatory aspects of a regasification terminal in South Africa, according to a joint statement on Tuesday.

Additionally, ExxonMobil and Vopak say the plan is to evaluate the infrastructure critical for South Africa needed to take advantage of the benefits that LNG can bring to the country.

This includes providing a “reliable, cost-effective fuel source, as well as an option for reducing emissions,” the statement said.

Furthermore, repurposing older coal power plants, converting peaking power plants and securing supply for South Africa’s industrial sector could be the way to achieve these benefits, they said.

ExxonMobil LNG market development president Irtiza Sayye said the firm is “excited to work with Vopak to bring competitive LNG projects to South Africa.”

He added that ExxonMobil has strategic access to LNG supplies around the world, and the firm is “well-positioned to supply cleaner, reliable energy to power South Africa in the future.”

Kees van Seventer, President, Vopak LNG, said the collaboration would allow the firm to leverage its global expertise and experience to develop “resilient and efficient LNG infrastructure for South Africa.”

Most Popular

Brunei LNG, PetroChina ink SPA

LNG producer Brunei LNG has signed a sales and purchase agreement with a unit of PetroChina.

CFO: Shell on track to ship first LNG Canada cargo in middle of 2025

LNG giant Shell remains on track to deliver the first liquefied natural gas cargo from its LNG Canada export terminal in Kitimat in the middle of this year, according to Shell's finance chief, Sinead Gorman.

Venture Global secures $3 billion bank loan for CP2 LNG

US LNG exporter Venture Global LNG has secured a $3 billion bank loan facility for its proposed CP2 LNG project in Louisiana.

More News Like This

ExxonMobil CEO expects Golden Pass LNG launch by end of this year

ExxonMobil CEO Darren Woods expects the QatarEnergy-led Golden Pass LNG export project in Texas to produce first LNG volumes by the end of this year. Separately, Golden Pass LNG is also seeking approval from the US FERC to increase peak workforce up to 10,300.

Golden Pass LNG moving forward with commissioning activities

Golden Pass LNG, a joint venture of QatarEnergy and ExxonMobil, is moving forward with the commissioning work at its giant LNG export facility in Texas with new approval from the US FERC.

H-Line Shipping, ExxonMobil name LNG carrier duo in South Korea

South Korea's H-Line Shipping and US energy giant ExxonMobil recently named two newbuild liquefied natural gas (LNG) carriers in South Korea.

ARC Resources seals long-term LNG SPA with ExxonMobil

Canadian gas producer ARC Resources has signed a long-term sale and purchase agreement with a unit of US energy giant ExxonMobil for volumes from the Cedar LNG project in Canada.