USTDA connects American companies to explore LNG opportunities in South Africa

USTDA 1This project aims to create opportunities for the US businesses in South Africa's oil and gas sectors. (Image source: Jim Sher/Flickr)The US Trade and Development Agency has awarded a grant to the GreenCape Sector Development Agency to assess the market demand, socio-economic impacts and risks of a proposed integrated liquefied natural gas (LNG) importation and gas-to-power project in South Africa’s Western Cape Province

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.

“USTDA is pleased to support this project, which will help increase access to affordable, reliable energy in South Africa,” said Lida Fitts, regional director for Sub-Saharan Africa in USTDA.

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

Mike Mulcahy, CEO of GreenCape, noted, “Natural gas has a critical complementary role to renewable energy for power generation in a lowest cost, low carbon, energy future for South Africa.”

Mulcahy thanked USTDA for their support to GreenCape in exploring these opportunities in the region.

Established by the Western Cape Government's Department of Economic Development and Tourism (DEDAT), GreenCape aims to develop the green economy in South Africa by identifying market opportunities in the energy sector, the waste sector, as well as the flow of resources in the regional economy.

GreenCape said that it will select a US firm to complete the feasibility study.

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