S.Africa: LNG market open to US businesses

S.Africa: LNG market open to US businesses

Key risks associated with a proposed integrated LNG importation and gas-to-power project in the Western Cape are to be observed through a feasibility study.

The GreenCape Sector Development Agency, a non-profit organisation that drives green economy solutions in the province, has been awarded a grant to conduct the study.

The study will also provide a preferred model for the importation of LNG for gas-to-power electricity generation capacity, as well as for industrial, transportation, commercial, and domestic uses.

Without specifying the amount, the US Trade and Development Agency (USTDA) made the announcement last week Friday.

LNG opportunities for US businesses

For the realisation of this project, GreenCape will competitively select a US firm to complete the study.

Commenting on the development, Mike Mulcahy, CEO of GreenCape, said: “Natural gas has a critical complementary role to renewable energy for power generation in a lowest cost, low carbon, energy future for South Africa. GreenCape is grateful to USTDA for their support in exploring and unlocking these opportunities.”  Read more…

“USTDA is pleased to support this project, which will help increase access to affordable, reliable energy in South Africa,” said Lida Fitts, USTDA’s Regional Director for sub-Saharan Africa.

“At the same time, this project will create opportunities for US businesses in one of South Africa’s growing sectors,” Fitts exclaimed.

Businesses interested in submitting proposals for this feasibility study should visit the Federal Business Opportunities (FBO) website at www.fbo.gov.

A link to the FBO announcement is also posted on USTDA’s website at https://www.ustda.gov/business-opportunities.

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