Eskom and Sasol Have Signed A Gas-For-Power MoU Arrangement
Eskom and Sasol Have Signed A Gas-For-Power MoU Arrangement
Blog Article
Friday, September 20, 2024
Eskom and energy and chemical organization, Sasol, have signed a Memorandum of Understanding (MoU) to "collaboratively discover and study possible future liquified natural gas (LNG) requirements".
That is according to a joint statement by the two providers, following the signing ceremony from the MoU on Friday.
"The collaboration aims to find out the probable volumes that South Africa requires to determine a practical LNG import current market, combined with the enabling infrastructure, and can be facilitated by government-to-governing administration relations the place needed."
"This initiative focuses on applying gasoline for energy generation to deliver necessary base load electrical power and position gas as a crucial enabler of re-industrialisation, when also ensuring continued supply to the market by unlocking world-wide LNG resources.
"Furthermore, the collaboration read more 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 click here 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 sasol vacancies 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 prospects for South Africa's energy market, while outlining the challenges associated with the long-term commitments required for LNG imports," the statement said.