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Published 2 years ago

Investments worth more than R26bn in SA’s ocean economy unveiled

Summary by Ground News

A package of investments worth more than R26 billion in South Africa's oceans economy has been unveiled by Transport Minister Fikile Mbalula. The investments will result in an onshore Liquid Natural Gas (LNG) regasification facility at the Port of Ngqura at an estimated cost of $1.5 billion. The other two applications are for brownfield projects that are currently operating.

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Investments worth more than R26bn in SA’s ocean economy unveiled

Includes $1.5bn investment in a LNG regasification facility at the Port of Ngqura.

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