South Africa Proposes To Buy $12 Billion Natural Gas From The United States.

 

South Africa Proposes To Buy $12 Billion Natural Gas From The United States 


South Africa has proposed a 10-year liquefied natural gas (LNG) import deal with the United States worth between $900 million and $1.2 billion annually, amounting to a staggering $12 billion.


Under the proposed agreement, South Africa would import between 75 million and 100 million cubic meters of liquefied natural gas annually from the United States. 


But why is South Africa sending $12 billion to the United States instead of investing in energy partnerships within Africa? 


The South African Development Community (SADC), with Angola, Mozambique, Namibia, and Zimbabwe, have billions of natural gas. 


The idea that South Africa is sending $12 billion to the United States while ignoring their neighbors with the capacity to meet their energy needs is simply baffling. This is another missed opportunity to strengthen our economies by trading within.

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