Eskom and Sasol Have Signed A Gas MoU Arrangement
Friday, September 20, 2024
Eskom and energy and chemical business, Sasol, have signed a Memorandum of Understanding (MoU) to "collaboratively explore and investigate possible future liquified natural gas (LNG) requirements".
This can be according to a joint statement by the two providers, following the signing ceremony of the MoU on Friday.
"The collaboration aims to ascertain the possible volumes that South Africa needs to establish a feasible LNG import industry, combined with the enabling infrastructure, and will be facilitated by federal government-to-authorities relations the place important."
"This initiative focuses on working with gasoline for electrical power generation to deliver essential base load electrical power and position gas for a critical enabler of re-industrialisation, when also ensuring continued supply to the marketplace 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 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 click here necessary eskom careers 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.