The new African owners of the Ibhubesi Gas Project (IGP), off South Africa’s West Coast, report that negotiations with Eskom for the supply of gas to the Ankerlig power station are ongoing, with the conclusion of a gas supply agreement (GSA) targeted for the second quarter of 2017. The project was previously held by ASX-listed Sunbird Energy, which has since been delisted, following a deal consummated on July 28. The value of the transaction has not been disclosed, but the deal was reportedly priced at a discount to the IGP’s independent report valuation of R364-million.
Source: www.engineeringnews.co.za
New African owners of Ibhubesi gas prospect aim to settle Ankerlig supply deal in 2017
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