Eskoms agreement with Zululand Energy Terminal for planned liquefied natural gas LNG import infrastructure indicates how South Africas gas-to-power ambitions are taking shape.
The heads of agreement, signed on Friday, sets out plans for an LNG import facility at the Port of Richards Bay that would bring gas into the country by ship, store it onshore and convert it back into gas for use in electricity generation and other industries.
A heads of agreement is an early-stage framework outlining the main terms of a deal. It is not a final contract but sets out broad principles while detailed negotiations continue on pricing, supply volumes, financing and timelines.
