Feasibility Study
|
PROJECT LOCATION |
PROJECT TYPE |
ESTIMATED VOLUMES PER YEAR |
|
South Africa |
Small Scale Industrial Supply - LNG |
3.6 Mill MMBTU |
Volco Power has developed a proposition for the downstream supply of LNG for industrial use within South Africa. The downstream target market is primarily the stranded market, where pipeline gas is not accessible. Volco Power is working several Industries within the Cape Town area with the need to convert their existing fuel consumption to natural gas, providing that the pricing over a long-term period is competitive to their current fuel supply.
In assessing the market for natural gas in South Africa, there is an apparent opportunity to provide LNG in containers to industrial off takers. In order to achieve a pricing structure that is competitive to existing fuels, the volumes of LNG that need to be considered for a first mover advantage appear to be around 300,000 MMBTU (+/- 316,000 GJ) per month.