Business & Finance
Exxon to Supply LNG to Help South Africa Reduce Reliance on Coal
Key Points
Exxon to Supply LNG to Help South Africa Reduce Reliance on Coal Exxon Mobil Corp. struck a preliminary deal to bring liquefied natural gas to South Africa, which will use the fuel to bolster its coal-reliant power grid, according to people familiar with the matter. The agreement will enable state utility Eskom Holdings SOC Ltd. to import gas at the proposed Zululand LNG terminal in Richards Bay, an industrial city on the country’s east coast, said the people, who asked not to be identified...
Exxon to Supply LNG to Help South Africa Reduce Reliance on Coal
Exxon Mobil Corp. struck a preliminary deal to bring liquefied natural gas to South Africa, which will use the fuel to bolster its coal-reliant power grid, according to people familiar with the matter.
The agreement will enable state utility Eskom Holdings SOC Ltd. to import gas at the proposed Zululand LNG terminal in Richards Bay, an industrial city on the country’s east coast, said the people, who asked not to be identified because the accord hasn’t been officially announced.