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 business, Sasol, have signed a Memorandum of Understanding (MoU) to "collaboratively discover and study potential future liquified natural gas (LNG) requirements".
This can be based on a joint statement by the two businesses, following the signing ceremony of the MoU on Friday.
"The collaboration aims to determine the possible volumes that South Africa demands to ascertain a practical LNG import sector, together with the enabling infrastructure, and can be facilitated by governing administration-to-government relations in which essential."
"This initiative focuses on working with gasoline for energy generation to deliver crucial base load electric power and position gas like a key enabler of re-industrialisation, even though also ensuring continued 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 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 check here will also engage other state entities to enable an LNG value chain in South Africa.
"As part of its revised gas strategy, Sasol eskom vacancies is working on enabling the future supply of LNG to South Africa by collaborating with companies such as Eskom, existing and sasol vacancies 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.