What We Do
Oil and Gas
How Might COVID-19 Affect The Competitive Landscape?
The COVID-19 pandemic resulted in lower demand for oil and gas during the first half of 2020 and disrupted supply chains. This had two key impacts.
The first impact was a consequence of the difficulty of reducing the production of oil and gas products and this led to significant surpluses and, therefore, critical storage problems for the excess supply. Storage terminals and oil pipelines and LNG storage were in danger of reaching maximum capacity in Q2 2020.
The second impact was a consequence of the price of oil and gas tumbling, resulting in cancelled orders and the consequential inability of countries to store the excess product. The immediate impact is a loss of investment into the industry which could impact the financial viability of many institutions.
How Might COVID-19 Affect The Competitive Landscape?
The COVID-19 pandemic resulted in lower demand for oil and gas during the first half of 2020 and disrupted supply chains. This had two key impacts.
The first impact was a consequence of the difficulty of reducing the production of oil and gas products and this led to significant surpluses and, therefore, critical storage problems for the excess supply. Storage terminals and oil pipelines and LNG storage were in danger of reaching maximum capacity in Q2 2020.
The second impact was a consequence of the price of oil and gas tumbling, resulting in cancelled orders and the consequential inability of countries to store the excess product. The immediate impact is a loss of investment into the industry which could impact the financial viability of many institutions.
How Might COVID-19 Affect The Competitive Landscape?
The COVID-19 pandemic resulted in lower demand for oil and gas during the first half of 2020 and disrupted supply chains. This had two key impacts.
The first impact was a consequence of the difficulty of reducing the production of oil and gas products and this led to significant surpluses and, therefore, critical storage problems for the excess supply. Storage terminals and oil pipelines and LNG storage were in danger of reaching maximum capacity in Q2 2020.
The second impact was a consequence of the price of oil and gas tumbling, resulting in cancelled orders and the consequential inability of countries to store the excess product. The immediate impact is a loss of investment into the industry which could impact the financial viability of many institutions.
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Other EGH Subsidiaries
Visit Our Business Portfolios
Other EGH Subsidiaries
Visit Our Business Portfolios
Other EGH Subsidiaries
Manufacturing
Toronto Group specializes in the manufacturing of high-quality lump wood charcoal. It is based in the Western Cape Province of South Africa, with its primary production facility located near Wellington. It makes use of alien invasive species which are harvested to enhance the flow of water in riparian zones.
Forestry – EWC
EGH through one of its subsidiaries owns 600ha of land in the Eastern Cape for forestry purposes. The group intends to be a leader in the supply of metallurgical quality charcoal. The forestry operations thus allow the business to be long term sustainable in terms of feedstock for the charcoal.
Manufacturing
Toronto Group specializes in the manufacturing of high-quality lump wood charcoal. It is based in the Western Cape Province of South Africa, with its primary production facility located near Wellington. It makes use of alien invasive species which are harvested to enhance the flow of water in riparian zones.
Forestry – EWC
EGH through one of its subsidiaries owns 600ha of land in the Eastern Cape for forestry purposes. The group intends to be a leader in the supply of metallurgical quality charcoal. The forestry operations thus allow the business to be long term sustainable in terms of feedstock for the charcoal.
Manufacturing
Toronto Group specializes in the manufacturing of high-quality lump wood charcoal. It is based in the Western Cape Province of South Africa, with its primary production facility located near Wellington. It makes use of alien invasive species which are harvested to enhance the flow of water in riparian zones.
Forestry – EWC
EGH through one of its subsidiaries owns 600ha of land in the Eastern Cape for forestry purposes. The group intends to be a leader in the supply of metallurgical quality charcoal. The forestry operations thus allow the business to be long term sustainable in terms of feedstock for the charcoal.