Energy-starved South Africa is working on plans to anchor up to two floating storage and regasification units at a deep-water port on the country’s Indian Ocean seaboard — two decades after the idea of a liquefied natural gas terminal at the site was first proposed.
The ruling African National Congress has been considering LNG imports for more than 20 years and despite multiple engineering studies and procurement initiatives, no projects have come to fruition.
As a result, it is unclear if the latest proposal involving an LNG terminal in Coega near Gqeberha (formerly Port Elizabeth) will go the way of previous proposals and fail to get off the ground.
