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

Samsung Heavy cancels LNG carrier contract with Russia’s Zvezda

South Korean shipbuilding giant Samsung Heavy Industries has terminated contracts for 10 ice-class Arc7 LNG carriers and seven shuttle tankers with Russia's Zvezda.

Golden Pass LNG construction continues to advance

Energy giants QatarEnergy and ExxonMobil, along with their contractors, continue to advance construction on their massive Golden Pass LNG export facility in Texas.

Woodside inks non-binding LNG supply deal with Petronas

Australia's Woodside has signed a non-binding heads of agreement with Malaysia's Petronas to supply the latter with liquefied natural gas (LNG) from its global portfolio. The deal may include supplies from Woodside's Louisiana LNG project in the US.

More News Like This

Golden Pass LNG construction continues to advance

Energy giants QatarEnergy and ExxonMobil, along with their contractors, continue to advance construction on their massive Golden Pass LNG export facility in Texas.

South Africa plans to buy US LNG

South Africa, which currently does not have LNG import terminals, plans to buy liquefied natural gas from the US under a 10-year deal.

Vopak in advanced talks to secure FSRU for Australian LNG import project

Dutch independent storage tank firm Vopak said it is in advanced talks to secure a converted floating storage and regasification unit for its planned LNG import facility in Australia’s Victoria state.

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.