South Africa’s energy market witnessed an historic moment as company DNG Energy (DNG) received the country’s first ever liquefied natural gas (LNG) from Rotterdam, Netherlands.
As part of a seven-year, $5bn investment in alternative energy infrastructure, the development comes ahead of commissioning of DNG’s first floating storage unit delivery in Q1 of 2022.
Calling it an ‘inflection point’ for South Africa’s energy market, Aldworth Mbalati, CEO, DNG, said, “Along with renewables like wind and solar, the new generation of gas technology brings low-cost power production capabilities to the market on a massive scale.”
“LNG represents an excellent alternative that will help cut greenhouse gas emissions, reduce air pollution and help combat global warming,” he added.
The alternative energy solution can also be used in the production of chemicals, fertiliser, and hydrogen, further helping to hasten the energy transition.
According to Mbalati, over the next few years LNG has the potential to help South Africa meet its targets in reducing GHG emissions by as much as 30 to 40%.