PetroSA Plans $510 Million LNG Terminal to Lift Market Share
This article is for subscribers only.
PetroSA, the South African state-run oil company, plans to build an import terminal for liquefied natural-gas costing as much as $510 million as it seeks to add to its share of the country’s market for oil and gas products.
“We only have 5 percent of the market and so the strategy is for us to grow to 25 percent,” Thabo Kgogo, vice president of operations, said in an interview. Growth will come from oil and gas output, a refinery, and LNG and its infrastructure, he said. PetroSA will seek strategic partners for its plans.