Mar 06, 2012
SADC energy infrastructure integration could lower end-user costsBack
Cape Town|Africa|Diesel|Exploration|PROJECT|Resources|Road|Africa|Angola|Mozambique|Namibia|South Africa|Tanzania|Energy|Energy Infrastructure|Gas Finds|Gas Reserves|Oil|Petroleum Products|Pipeline Network|Products|Sustainable Gas Market|Transport|Infrastructure|Rail|Sub-Saharan Africa|Diesel
© Reuse this
“It may be more effective to link the region’s pipeline network for gas, as well as petroleum products. These may be more effective interventions than costly investment in road transport tankers and rail road cars,” she said at the 6th Africa Economic Forum under way in Cape Town.
Peters said that Angola currently had the largest gas reserves in the region, with approximately 271.8-billion cubic meters followed by Mozambique (127.4-billion cubic meters), Namibia (62.3-billion cubic meters), Tanzania (6.5-billion cubic meters) and South Africa (27-million cubic meters). However, with new gas finds that were reported in 2011, Mozambique was likely to move to the top of this list in the near future. Peter said that these reserves were a positive sign for regional trade and development, and provided a further strategic opportunity to lift the fortunes of the region and the continent.
“We should be asking ourselves and spare some thought on how these resources can be used to best serve sub-Saharan Africa and the entire continent first. As South Africa, with a clear intent of creating a sustainable gas market in our country, we will continue to engage with our sister countries to find the best way of utilising these resources, whilst making the necessary returns on investment.”
Peters added that she believed that the SADC governments should also focus on strengthening their own national oil companies in order to clearly define their position in directing the exploration and use of natural resources in their own countries.
According to Peters, the South African government would itself be completing a 20 year Liquid Fuel Infrastructure Plan before the end of the year and included in this plan was a continuing commitment for the country to increase its own crude oil refinery capability. “Work that has already been done on our national oil company’s Mthombo project and other related initiatives will be incorporated in the implementation of the Liquid Fuels Infrastructure Plan,” she said.
She also noted in her speech that, with crude oil prices continuing to be higher-than-expected, she would “soon make a statement in Parliament about this matter, specifically on the impact of global fuel prices and how we should respond to these as a country”.
With South Africa becoming a significant importer of fuel, having brought over five-billion litres of diesel and petrol into the country in 2011, Peters commented that this increase had far-reaching implications for the existing policy frameworks. “I am of the view that the Department of Energy needs to conduct a review to determine whether the pricing framework is still relevant given these changing conditions,” she said.
Edited by: Creamer Media Reporter© Reuse this Comment Guidelines (150 word limit)
Other Energy News
Updated 5 hours ago For two years, Italy-based industrial research and development company Sunchem have been working on producing jet fuel using a tobacco crop project in Marble Hall, Limpopo, which has proved to be successful in the small-scale trials, says Sunchem SA MD Joost van...
Updated 5 hours ago Cape Town-based industrial boilers designer and manufacturer John Thompson developed the MicroGen watertube boiler – launched this year – to cater for increasing demand for small, medium-pressure power boilers that are particularly suited to applications in fibrous...
Updated 5 hours ago Development financier the Eastern Cape Development Corporation (ECDC) signed a cooperation agreement with Argentina-based consortium A & G International in July, which will lead to the production of 25 000 ha of soybeans and other grains for biofuels, human...
Recent Research Reports
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move road...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
Real Economy Insight: Road and Rail 2014 (PDF Report)
This six-page brief covers key developments in the road and rail industries over the past 12 months, including details of South Africa’s road and rail network and prospects for both sectors.
This Week's Magazine
Updated 5 hours ago While Ekurhuleni-based transformer manufacturer Reliable Transformers currently designs, manufactures and tests its products according to the SANS 780 specifications for distribution transformers and other applicable transformer specifications, it is working towards...
Updated 5 hours ago Global endpoint security solutions company Kaspersky Lab has introduced new measures to prevent cyber criminals from accessing sensitive data, alongside its malware-signature and heuristic device analysis detection methods. Threats to mobile devices have increased...
Updated 5 hours ago To ensure uptake and a positive impact, Wireless Fidelity (Wi-Fi) networks in cities must be provided at schools, community centres and commercial centres to enable citizens and government to access information that will improve access to and delivery of services....
Updated 5 hours ago Eco-estate Monaghan Farm, located near Lanseria airport, north-west of Johannesburg, has taken a new approach to modern living and sustainability with its 517 ha development, dedicated to farm living.
Updated 5 hours ago Forklift and lift-truck distributor Goscor Lift Hi-Reach launched the Genie SX-180, the tallest self-propelled super boom in Africa, in Johannesburg last month. “As the official distributor of the well-known Genie range of equipment in Southern Africa, we are pleased...