Pressdia Ad

Vitol Backs Proposed $3 Billion LNG Power Plant for South Africa’s Durban Port

International energy trader Vitol has thrown its support behind a proposed $3 billion liquefied natural gas (LNG) power plant and import terminal at the Port of Durban, a development that could help diversify South Africa’s power mix and reduce reliance on coal, Reuters reported.

The project is being advanced by a consortium that includes Vitol, Saudi Arabia’s ACWA Power, Vitol’s fuel unit Vivo Energy, which merged with Engen in 2024 and terminal operator VTTI. It has been granted Strategic Integrated Project status by the South African government, a designation intended to accelerate permitting and regulatory clearances.

If realised, the facility would combine an LNG import terminal with a 1,000 MW to 1,800 MW combined-cycle gas turbine (CCGT) power plant. Developers have earmarked roughly 20 hectares at the Durban marine terminal for the plant and associated infrastructure, though details on financing, gas supply and project timeline remain under discussion.

South African authorities view LNG as a complementary fuel to the country’s dominant coal generation, with the Durban project expected to support industrial energy demand, distribution through regasification, and potential LNG bunkering for maritime clients. The initiative reflects growing interest from global energy firms in helping South Africa transition toward cleaner-burning fuels amid ongoing challenges with grid reliability and emissions, MarketScreener noted.

Pressdia Ad

Subscribe to Newsletter

Get the latest in luxury, business, and elite trends—subscribe now!

Pressdia Ad

Subscribe

Latest Posts

Airtel Money Makes Muted London Stock Market Debut at $7 Billion Valuation

Airtel Money, the mobile financial services business of Airtel Africa, has...

Mikel Arteta Extends Arsenal Contract Until 2030 After Historic Premier League Triumph

Arsenal manager Mikel Arteta has signed a new long-term contract extending...

Rwanda To Host Formula 1 Grand Prix, Targeting Historic African Return in 2030

Rwanda is poised to bring Formula 1 racing back to Africa...

Nigeria’s Economy Grows 4.2% as State Revenues Surge 93%, World Bank Reports

Nigeria’s economy expanded by 4.2% in the first half of 2026,...

Nigerian-American Chinyere Ukeje Wins $300,000 NASA Prize for Mars Food System Innovation

Nigerian-American computer scientist Chinyere “Chichi” Ukeje has won the $300,000 first...

FG Announces 30-Day Petrol Discount at NNPC Stations, Prioritises Transport Operators

The Federal Government has announced a 30-day petrol discount at Nigerian...

Le Petit Oiseau Accra: A Refined Meeting of West African and French Cuisine

Le Petit Oiseau brings a sophisticated interpretation of West African cuisine...

Top Movies from Bimbo Ademoye’s Versatile Storytelling Universe

From captivating romantic dramas to hilarious comedies and emotionally charged stories,...

Related Posts

Nigerian-American Chinyere Ukeje Wins $300,000 NASA Prize for Mars Food System Innovation

Nigerian-American computer scientist Chinyere “Chichi” Ukeje has won the...

Kream Brooklyn: Fine Dining Framed by Art and Pretoria’s Jacarandas

Kream Brooklyn is a sophisticated fine dining restaurant in...

LEAVE A REPLY

Please enter your comment!
Please enter your name here