Mar 06, 2012
SADC energy infrastructure integration could lower end-user costsBack
Cape Town|Africa|Diesel|Exploration|Gas|Namibia|Petroleum|PROJECT|rail|Resources|Road|Sustainable|transport|Africa|Angola|Mozambique|South Africa|Tanzania|Energy|Energy Infrastructure|Gas Finds|Gas Reserves|Oil|Petroleum Products|Pipeline Network|Products|Sustainable Gas Market|Infrastructure|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
Recent Research Reports
Real Economy Year Book 2015 (PDF Report)
There are very few beacons of hope on South Africa’s economic horizon. Economic growth is weak, unemployment is rising, electricity supply is insufficient to meet demand and/or spur growth, with poor prospects for many of the commodities mined and exported. However,...
Real Economy Insight: Automotive 2015 (PDF Report)
Creamer Media’s Real Economy Year Book comprises separate reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, gold, iron-ore and platinum sectors.
Real Economy Insight: Water 2015 (PDF Report)
Real Economy Insight: Construction 2015 (PDF Report)
Real Economy Insight: Electricity 2015 (PDF Report)
Real Economy Insight: Road and Rail 2015 (PDF Report)
This Week's Magazine
Daimler truck test engineer Dirk Stranz pushes one button, and then retracts his hands from the steering wheel of the Mercedes-Benz Future Truck 2025. “And now the truck is driving itself.”
The statutory body responsible for skills development and support in the banking sector, BANKSETA, was investing R68-million in the capacity building project of the University of Venda (UniVen), announced Bankseta company secretary Caroline King at a media event in...
Legacy information technology (IT) systems are becoming increasingly obsolete because of the maturity, efficiencies and cost effectiveness of cloud-based IT services, says information and communication technology major T-Systems subsidiary Intervate head Lionel...
Many complementary services enable companies to derive broad value from data inside and outside them. The complexity of data management means that companies’ strategies determine the various data systems and functions they will use, says PBT Group regional sales...
The South African Civil Aviation Authority (SACAA) has announced that it had awarded the country’s first remotely piloted aircraft systems (RPAS) pilot’s licence. It was issued on Friday, July 10, to SACAA employee and qualified commercial pilot Nicole Swart,...