According to a ministerial statement posted on the SA government news agency website.

The document, signed by Minister in the Presidency Khumbudzo Ntshavheni and posted late on Sunday, said that SA aims to import 75-100 petajoules, roughly 75 to 100 million cubic metres, of LNG per year from the United States, the world's biggest LNG exporter.

The minister said that would "unlock approximately $900 million to $1.2 billion in trade per annum and $9 billion - $12 billion for 10 years based on applicable price".

The trade package was proposed by SA during SA President Cyril Ramaphosa's visit to the White House on May 21, when President Donald Trump confronted him over government policies, such as land reform and Black economic empowerment, and made false claims of a "genocide" against whites.

Ramaphosa had hoped to use the meeting to reset his country's relationship with the U.S., after Trump cancelled much-needed aid to South Africa, offered refugee status to white minority Afrikaners, expelled the country's ambassador and criticised its genocide court case against Israel.

Ntshavheni, a senior member of the government who is also the cabinet spokesperson, was part of the government delegation that accompanied Ramaphosa to Washington.

She said SA would work with the US to explore areas of cooperation in technologies, including fracking, to help unlock gas production in SA.

The proposed package also includes a duty-free quota of 40 000 vehicles per year to be exported from South Africa and duty-free access for automotive components sourced from the country for production in the US.

A duty-free quota of 385 million kilograms for steel per year and 132 million kg of aluminium per year was also proposed, according to the document.

--Reuters--


--Reuters--