South Africa plans $3 billion LNG plant

South Africa plans $3 billion LNG plant

South Africa is planning a new $3 billion liquefied natural gas plant for the port of Durban. The global commodity trader Vitol is backing a consortium that wants to build the power station and import facility, Reuters reported.South Africa still generates three-quarters of its energy from coal, but is trying to reduce its dependence on the fuel in a move toward net zero by 2050. With around 40% of the population still lacking reliable access to…