PetroSA Confident of Getting Affordable LNG

South Africa’s PetroSA, is confident of getting an affordable price for the LNG it intends to import from 2018, Independent Online has reported.

Last week, the company announced its plans to build an LNG terminal for its Mossel Bay plant, which could cost up to $510 million.

“The prices are high but we believe that by 2018 the prices will have changed, because there are many big projects coming on stream,” Carlo Matthysen, PetroSA’s manager of the LNG project was quoted by the newspaper as saying.

PetroSA began exploring the options for importing LNG because the feedstock for its gas-to-liquids (GTL) refinery in Mossel Bay has been depleted and is enough to sustain the plant only to 2020, Independent Online said.