Friday, September 20, 2024
Eskom and energy and chemical enterprise, Sasol, have signed a Memorandum of Understanding (MoU) to "collaboratively explore and investigate potential potential liquified natural gas (LNG) requirements".
This can be according to a joint statement by the two companies, following the signing ceremony of the MoU on Friday.
"The collaboration aims to determine the probable volumes that South Africa involves to establish a feasible LNG import sector, combined with the enabling infrastructure, and may be facilitated by authorities-to-govt relations exactly where needed."
"This initiative concentrates on using gas for electrical power generation to offer necessary base load electricity and position gas like a essential enabler of re-industrialisation, even though also guaranteeing continued supply to the market by unlocking international 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 eskom vacancies 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 check here 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 of its revised gas strategy, Sasol is working on enabling the future supply of LNG to South Africa by collaborating with eskom 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 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.