Friday, September 20, 2024

Eskom and energy and chemical organization, Sasol, have signed a Memorandum of Understanding (MoU) to "collaboratively explore and study potential long term liquified natural gas (LNG) requirements".

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

"The collaboration aims to determine the probable volumes that South Africa involves to determine a viable LNG import current market, together with the enabling infrastructure, and will be facilitated by government-to-federal government relations where by essential."

"This initiative focuses on employing gasoline for electric power generation to deliver critical base load electrical energy and position gas like a essential enabler of re-industrialisation, even though also guaranteeing continued supply to the market by unlocking global 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 sasol learnerships "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 eskom careers to enable an LNG value chain eskom vacancies 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 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.