Friday, September 20, 2024

Eskom and energy and chemical company, Sasol, have signed a Memorandum of Understanding (MoU) to "collaboratively discover and research prospective long term liquified natural gas (LNG) requirements".

This really is based on a joint statement by the two corporations, following the signing ceremony of the MoU on Friday.

"The collaboration aims to ascertain the possible volumes that South Africa requires to ascertain a practical LNG import current market, combined with the enabling infrastructure, and can be facilitated by governing administration-to-governing administration relations the place essential."

"This initiative focuses on working with fuel for electricity generation to provide crucial base load electricity and position gas for a important enabler of re-industrialisation, though also making certain ongoing supply to the industry 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 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 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 sasol vacancies the future supply of LNG to South Africa by collaborating 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 guide the necessary role players and investors required to offer the best prospects for South Africa's get more info energy market, while outlining the challenges associated with the long-term commitments required for LNG imports," the statement said.