Chevron objects to liquid-fuel import terminal

Genesis was retained by Chevron SA to provide expert economic analysis and testimony to the National Energy Regulator of South Africa (NERSA) in terms of a licence application by Burgan Cape Terminals to build a liquid-fuel off-loading and storage facility in the port of Cape Town.

We used our specialist knowledge of petroleum pipelines regulation, the policy directives of government, as well as our keen understanding of the Western Cape market dynamics in submitting an assessment of the impact and appropriateness of granting the requested licence to Burgan Cape Terminals. Our analysis submitted to the regulator included strong policy and evidence-based arguments to differentiate between storage and off-loading services and to demonstrate the impact the granting of the licence would have on the sustainability of local refining capacity.

The licence was ultimately granted with conditions by the regulator, with the analysis of the Genesis team being an important input into the process and the decision by NERSA.