ExxonMobil Signs LNG Supply Deal for South Africa's 1st Richards Bay Terminal
Updated
Updated · OilPrice.com · Jun 17
ExxonMobil Signs LNG Supply Deal for South Africa's 1st Richards Bay Terminal
3 articles · Updated · OilPrice.com · Jun 17
Summary
Zululand Energy Terminal said ExxonMobil signed a preliminary agreement to supply LNG to the proposed Richards Bay facility, which would become South Africa’s first LNG import terminal.
The project is aimed at plugging a gas supply gap expected by 2030 as imports from Mozambique’s Pande-Temane fields decline, threatening power generation and industrial activity.
Richards Bay would import, store, regasify and distribute LNG to power and industrial users, supporting South Africa’s shift away from heavy coal dependence toward a more diversified energy mix.
The terminal is being developed by a Vopak Terminal Durban-Transnet Pipelines joint venture, and follows a separate preliminary Exxon deal announced a day earlier to supply LNG to state utility Eskom through the same hub.