Friday, September 20, 2024
Eskom and energy and chemical enterprise, Sasol, have signed a Memorandum of Understanding (MoU) to "collaboratively discover and research prospective future liquified natural gas (LNG) requirements".
This really is according to a joint statement by the two companies, following the signing ceremony of the MoU on Friday.
"The collaboration aims to determine the possible volumes that South Africa involves to ascertain a practical LNG import market, together with the enabling infrastructure, and can be facilitated by governing administration-to-govt relations in which essential."
"This initiative concentrates on making use of gas for power generation to supply necessary base load electricity and position gas being a vital enabler of re-industrialisation, while also making certain continued supply to the market by unlocking world-wide LNG resources.
"Furthermore, the collaboration will contribute to enhancing South Africa’s energy mix and enable the country's energy transition and decarbonisation," the joint statement read.
The MoU is expected to "explore sourcing gas within South Africa, the Southern African Development Community region, and other parts of the African continent, in addition to evaluating long-term LNG contracting".
"This will support the gas requirements for Eskom’s planned coal power station repowering and conversion to gas in the long term. The parties will also engage other state entities to enable an LNG value chain in South Africa.
"As part click here of its revised gas strategy, Sasol is working on enabling the future supply of LNG to South Africa by collaborating more info with companies such as Eskom, existing and future customers, suppliers, and infrastructure developers.
"The research findings from the first phase of the Sasol-Eskom collaboration will sasol careers guide the necessary role players and investors required to offer the best prospects for South Africa's energy market, while outlining the challenges associated with the long-term commitments required for LNG imports," the statement said.