ExxonMobil and Vopak have signed a memorandum of understanding (MoU) to jointly work on a feasibility study for an LNG regasification terminal in South Africa.
The MoU will consider the commercial, technical and regulatory aspects of the terminal, including the infrastructure required. LNG could provide a reliable, cost-effective fuel supply for South Africa, which will help to reduce the country’s emissions. Older coal-fired power stations could be repurposed to use LNG, further lowering emissions and improving air quality.
Vopak and ExxonMobil already work together in several energy projects worldwide, and the new MoU will benefit from With Vopak’s experience as a leading LNG terminal developer and ExxonMobil’s expertise in LNG logistic solutions.
‘ExxonMobil is excited to work with Vopak to evaluate innovative approaches to bring competitive LNG projects to South Africa. As a gas industry leader with strategic access to LNG supplies around the world, ExxonMobil is well-positioned to supply cleaner, reliable energy to power South Africa in the future,’ says ExxonMobil LNG market development president Irtiza Sayyed.
Kees van Seventer, president, Vopak LNG, says that his company has had a presence in South Africa for almost 25 years and is ‘committed to enhance Vopak’s terminal network in the country with sustainable infrastructure solutions.’