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OPERATIONS

Kinetiko signs first South Africa gas offtake agreement

KINETIKO Energy has boosted the profile of its South African operations with local subsidiary Afro Energy executing a 50/50 JV term sheet with Mbombela-based Vutomi Energy.

Jonathon Davidson
File photo: Kinetiko assets onsite Korhaan

File photo: Kinetiko assets onsite Korhaan

The JV key commercial terms effectively represent an offtake agreement. It sees Vutomi supply the partnership with a 1MW gas reticulation engine asset, while Afro will supply the partnership with gas "from...

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