Vitol supports $3 billion LNG power project at South Africa's Durban port
Vitol is backing a consortium to build a $3 billion gas power plant and LNG import facility in Durban. It aims to help South Africa transition away from coal.
Insights:
Vitol is backing a consortium that has announced plans to develop an estimated $3 billion gas-fired combined-cycle power station and an associated LNG import facility at the Durban port in South Africa 
ZA. The project has been granted Strategic Integrated Projects status by the South African state, a designation that reduces bureaucratic hurdles and enables fast-tracking of the development process. This infrastructure aligns with the country’s stated move away from coal and relates to the national target of up to 16 GW of new gas generation by 2039.
ZA. The project has been granted Strategic Integrated Projects status by the South African state, a designation that reduces bureaucratic hurdles and enables fast-tracking of the development process. This infrastructure aligns with the country’s stated move away from coal and relates to the national target of up to 16 GW of new gas generation by 2039.
