US EditionNews24 | SA Offers to Buy US Gas in Return for Duty-Free Car Exports
- On May 21, during discussions at the White House, South Africa put forward a proposal to purchase between 75 and 100 petajoules of liquefied natural gas each year from the United States over the course of a decade.
- The offer aims to protect South Africa's duty-free exports of 40,000 vehicles annually to the US amid US plans for a 25% tariff on automobile imports and trade tensions.
- The deal also includes duty-free quotas for steel and aluminum, US investment in South African gas infrastructure, and cooperation on fracking and critical minerals.
- The annual LNG trade is expected to generate between $900 million and $1.2 billion, amounting to a total of $9 billion to $12 billion throughout the next ten years, with Minister Ntshavheni stating that it will "complement those supplies."
- The agreement seeks to diversify South Africa's energy sources, support its automotive sector employing over 100,000 people, and expand bilateral trade beyond gas imports.
15 Articles
15 Articles
South Africa offers to buy LNG in trade deal proposal to US
Pretoria has announced wanting to buy liquefied natural gas (LNG) from the United States over a period of ten years in exchange for being able to export vehicles to Washington duty-free. The deal has not yet been accepted by the United States.
News24 | SA offers to buy US gas in return for duty-free car exports
South Africa said Monday it plans to buy liquefied natural gas from the United States in a proposed deal worth around $1 billion a year, after a tense televised encounter between the countries’ presidents.
South Africa and the USA Seek Trade Agreements
The governments of South Africa and the USA are seeking a new trade agreement. According to this, South Africa wants to buy liquefied natural gas (LNG) worth one billion dollars (approx. 890 million euros) per year from the United States. Washington is expected to waive customs duties on 40,000 cars from South Africa in return. That is what South African Presidency Minister Khumbadzo Ntshavheni said. The USA would also invest in the development …
SA Proposes To Buy LNG From U.S. In Exchange For Duties Exemption
By Enyichukwu Enemanna South Africa has offered to buy liquefied natural gas (LNG) from the United States in a trade deal proposal, which would in turn see the African nation enjoy waiver in the payment of duties on vehicles shipped into the US market. The proposal was announced in a statement released by Minister to the Presidency Khumbudzo Ntshavheni, and published by state-owned news agency. South Africa and the US “will negotiate an arrangem…
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