Vitol Part of Consortium for South Africa LNG-to-Power Project

Article content(Bloomberg) — Vitol Group is part of a consortium proposing a gas-to-power project in South Africa, as the country looks to replace aging coal stations.Sign In or Create an AccountEmail AddressContinueor View more offersArticle contentSaudi Arabia’s ACWA Power Co. could be brought in as a developer specializing in gas turbines for the project, according to a person familiar with the information, who asked not to be identified because the information is not public. ACWA didn’t immediately respond to a request for comment.Article contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Article contentVivo Energy, an African fuel retailer and distributor owned by energy trading company Vitol, is also involved in the project that would import liquefied natural gas for power generation, a spokesperson said in a reply to questions. Reuters first reported the proposed plan valued at $3 billion to include an import facility and at least 1,000 megawatts of capacity. Article contentArticle contentSouth Africa is planning to replace retiring coal-fired stations, that generate most of the nation’s electricity, with renewable energy sources and gas. LNG use will largely depend on imports by pipeline from Mozambique since there’s virtually no domestic oil and gas production.Article contentTop StoriesGet the latest headlines, breaking news and columns.There was an error, please provide a valid email address.Sign UpBy signing up you consent to receive the above newsletter from Postmedia Network Inc.Thanks for signing up!A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Article contentVivo is one of the biggest fuel retailers in sub-Saharan Africa and in 2024 expanded into South Africa with the acquisition of Petroliam Nasional Bhd.’s stake in Engen Ltd. Article content“We can confirm that the project has received Strategic Integrated Project status from Infrastructure South Africa,” the Vivo spokesperson said. Such a designation, when recognized by the government, is meant to help expedite processes and minimize delays for large-scale construction.Article contentSouth Africa’s auction program to build gas projects – 2,000 megawatts of capacity in its first round – has hit multiple delays.Article content—With assistance from Archie Hunter.Article contentTrending Subscriber only. 'We need to wake up': Atlantic Canada a microcosm of the problems facing the rest of the country Subscriber only Economy Canadians Say They'll Buy Cheaper Chinese EVs as Tariffs Drop PMN Business Canada aims to boost defence exports by 50%, creating 125,000 jobs Economy Subscriber only. Donald Trump plans to roll back tariffs on steel and aluminium goods Subscriber only Financial Times Subscriber only. Wall Street hunts next casualty from AI threat to white-collar work Subscriber only Financial Times Share this article in your social networkCommentsYou must be logged in to join the discussion or read more comments.Create an AccountSign in Join the Conversation Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information. Subscriber only. 'We need to wake up': Atlantic Canada a microcosm of the problems facing the rest of the country Subscriber only Economy Canadians Say They'll Buy Cheaper Chinese EVs as Tariffs Drop PMN Business Canada aims to boost defence exports by 50%, creating 125,000 jobs Economy Subscriber only. Donald Trump plans to roll back tariffs on steel and aluminium goods Subscriber only Financial Times Subscriber only. Wall Street hunts next casualty from AI threat to white-collar work Subscriber only Financial Times