Eskom and Sasol Have Signed A Gas MoU Arrangement
Eskom and Sasol Have Signed A Gas MoU Arrangement
Blog Article
Friday, September 20, 2024
Eskom and energy and chemical enterprise, Sasol, have signed a Memorandum of Understanding (MoU) to "collaboratively explore and investigate possible potential liquified natural gas (LNG) requirements".
This can be based on a joint statement by the two firms, following the signing ceremony of the MoU on Friday.
"The collaboration aims to find out the possible volumes that South Africa demands to ascertain a feasible LNG import sector, combined with the enabling infrastructure, and can be facilitated by govt-to-governing administration relations in which important."
"This initiative concentrates on using gas for electricity generation to offer necessary base load electrical energy and position gas as a critical enabler of re-industrialisation, though also making sure ongoing supply to the marketplace by unlocking worldwide 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 sasol bursaries also engage other state entities to enable an LNG value chain in South Africa.
"As part of its revised gas strategy, Sasol sasol learnerships is working on enabling the future supply of LNG to South Africa by collaborating with companies such sasol vacancies as Eskom, existing and future customers, suppliers, and infrastructure developers.
"The research findings from the first phase of the Sasol-Eskom collaboration will 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.