Country for PR: United Kingdom
Contributor: PR Newswire Europe
Tuesday, September 07 2021 - 23:22
AsiaNet
Sasol and Central Energy Fund sign strategic MOU to accelerate gas development in South Africa
JOHANNESBURG, Sept. 7, 2021 /PRNewswire-AsiaNet/--

Sasol and the Central Energy Fund (CEF) have signed a memorandum of 
understanding (MOU) to collaborate on accelerating the development of gas 
solutions in South Africa. This agreement brings together South Africa's two 
leading pioneers of the gas industry that possess deep experience in operating 
across the gas value chain, from exploration to downstream operations. 

"At the core of achieving our strategic mandate of ensuring security of supply 
is domestic job creation and an approach to the just energy transition that 
fosters increasing domestic value addition. In this regard, gas remains a 
critical component in our country's just energy transition journey, and our 
continued collaboration with Sasol in unlocking growth in the gas space remains 
critical for us in contributing to the achievement of an optimal energy mix," 
said Dr Ishmael Poolo, Group Chief Executive of CEF. 

Sasol Executive Vice President: Energy Business, Priscillah Mabelane, said that 
Sasol believes that strategic partnerships and collaboration are necessary to 
shape a sustainable energy sector, as South Africa considers pathways to enable 
a just energy transition. 

"Sasol has had a long-standing relationship with CEF through our 
well-established partnership in the Republic of Mozambique Pipeline Company 
(ROMPCO) pipeline and looks forward to commencing this next stage of growth in 
gas together," added Mabelane.

Gas is a significant contributor to South Africa's energy mix and its 
importance is expected to grow. Key focus areas will include future gas supply 
options, as well as enabling infrastructure critical to sustain and grow the 
gas market. Both companies will explore developing multiple low-cost gas import 
locations around the country. 

"Gas is instrumental in enabling a just energy transition in South Africa and 
requires immediate attention to introduce additional supply to South Africa. 
Currently, the country's gas supply comes from the Pande-Temane gas fields in 
Mozambique, which will need to be supplemented in the long term, as these 
reserves begin to mature," said Mabelane.

Preliminary global benchmark case studies indicate that countries experiencing 
growth in demand for gas have opted for increasing the number of import 
locations to serve regional markets via pipeline. A successful example is 
India, which currently has six liquefied natural gas (LNG) terminals in 
operation, with another four currently under development to become operational 
by 2023. This approach has significant potential for socio-economic development 
around these import locations.

Both Sasol and CEF have dedicated resources, overseen by a senior level 
steering committee, to collaborate in exploring options to develop and expand 
the Southern African natural gas market.

Issued by: 

Matebello Motloung, Manager: Group Media Relations
Direct telephone: +27 (0) 10 344 9256; Mobile: +27 (0) 82 773 9457
matebello.motloung@sasol.com 

Alex Anderson, Senior Manager: Group External Communication
Direct telephone: +27 (0) 10 344 6509; Mobile: +27 (0) 71 600 9605
alex.anderson@sasol.com 

About Sasol:

Sasol is a global integrated chemicals and energy company. We harness our 
knowledge and experience to integrate sophisticated technologies and process 
into our world-scale operating facilities. We safely and sustainably source, 
produce and market a range of high-value product streams in 30 countries, 
creating superior value for our customers, shareholders and other stakeholders.

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Source:  Sasol Limited