Eskom and Sasol Have Signed A Gas-For-Power MoU Agreement
Eskom and Sasol Have Signed A Gas-For-Power MoU Agreement
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 long term liquified natural gas (LNG) requirements".
This can be according to a joint statement by the two firms, following the signing ceremony of the MoU on Friday.
"The collaboration aims to find out the probable volumes that South Africa requires to determine a feasible LNG import industry, along with the enabling infrastructure, and may be facilitated by government-to-govt relations the place essential."
"This initiative concentrates on employing gas for electric power generation to offer crucial base load electrical energy and position gas as a essential enabler of re-industrialisation, whilst also guaranteeing ongoing supply to the market 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 sasol bursaries expected to "explore sourcing gas within South Africa, the Southern African Development Community eskom careers 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 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 more info prospects for South Africa's energy market, while outlining the challenges associated with the long-term commitments required for LNG imports," the statement said.