Infrastructure company DNG Energy plans to start offering LNG-bunkering services for deepsea vessels out of Algoa Bay in South Africa from the second quarter of 2020 as part of a $300m project.

DNG founder and chief executive Aldworth Mbalati told TradeWinds the company has secured LNG volumes from a major US gas utility, without naming the supplier.

These will be shipped to South Africa and stored on a 147,000-cbm LNG carrier, which will serve as a floating storage unit in Algoa Bay.