Oliver Naidu, Director of Zululand Energy Terminal, and Andrew Barry, Chairman of ExxonMobil LNG Market Development Inc., sign the Heads of Agreement that advances the development of South Africa’s first liquefied natural gas (LNG) import terminal at the Port of Richards Bay.
The Zululand Energy Terminal (ZET) has signed a Heads of Agreement with ExxonMobil South Africa LNG Ltd, an affiliate of ExxonMobil, as development plans for a liquefied natural gas (LNG) import terminal at the Port of Richards Bay gather momentum.
The agreement was announced on Wednesday at the BON Hotel Waterfront Richards Bay and is aimed at advancing LNG supply arrangements for the proposed terminal.
The facility is expected to provide LNG import, storage and regasification infrastructure to support power generation and industrial users.
The latest agreement follows a separate Heads of Agreement recently signed between ZET and Eskom. Under that arrangement, Eskom will serve as a foundation customer for the planned LNG terminal, which is linked to the utility’s proposed 3 000MW gas-to-power programme in Richards Bay.
