South Africa: LNG Imports – Fuel for the Future?

Last December, and again earlier this month, international shipping publication TradeWinds reported that the South African Government planned to secure three liquefied natural gas (LNG) floating storage and regasification units (FSRUs) in order to help ease South Africa’s energy difficulties.rnrnAn FSRU is a vital component of being able to import LNG without a land based terminal. This is a special type of ship which is used to receive and transfer LNG. In order to become viable, the LNG must be “regasified” on board the FSRU and then piped on shore where it can be stored or diverted where necessary.

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South Africa: Historic decision by ports regulator welcomed given economic climate

Local and international players in the South African shipping industry have recently received good news from the Ports Regulator of South Africa in what may be a historic decision; and one which is welcome domestically given the economic climate.rn rnThe Ports Regulator was constituted in 2006. Its role as an independent regulator is to monitor and oversee the activities of the National Ports Authority (“NPA”), which is a division of Transnet. The Regulator’s mandate includes the economic regulation of the Ports system, in line with the strategic development context of South Africa.

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