What's Hot

    Free trade: Qatar and Morocco conclude second round of talks

    January 31, 2023

    MENA startups raised almost USD 4 billion in 2022

    January 30, 2023

    Autochek acquires KIFAL Auto, expands to North Africa

    January 27, 2023
    Gulf Africa ReviewGulf Africa Review
    • Industry
    • Infrastructure
      1. Airport
      2. Hospitality
      3. Ports
      4. Power
      5. Rail
      6. Roads
      7. Transport
      Featured

      Osun seeks to capitalise on infrastructure momentum

      Infrastructure May 21, 2018
      Recent

      KarmSolar receives USD 3 million to develop Farafra Solar Grid

      January 11, 2023

      AD Ports Group reports strong growth

      January 3, 2023

      Hyosung Heavy Industries to start construction on South African energy storage project

      December 12, 2022
    • Business & Trade
      1. Agri-Business
      2. Entrepreneurship
      3. FDI
      4. Legislative
      5. MEA
      6. Telecoms
      7. Properties
      Featured

      Analysts predict bullish future for Nigeria’s REITs market

      Business Business & Trade January 21, 2018
      Recent

      Free trade: Qatar and Morocco conclude second round of talks

      January 31, 2023

      Gold-for-oil: Ghana attempts to address forex pressures

      January 18, 2023

      AD Ports Group reports strong growth

      January 3, 2023
    • Finance
      1. Banking
      2. Islamic finance
      Featured

      Social investment platform InvestSky raises USD 3.4 million

      Business Entrepreneurship Finance January 12, 2023
      Recent

      Social investment platform InvestSky raises USD 3.4 million

      January 12, 2023

      African startups face challenges in 2023

      January 10, 2023

      MENA startups raised USD 125 million in December

      January 6, 2023
    • Innovation
    Gulf Africa ReviewGulf Africa Review
    Power

    Southern Africa a geological exploration ‘hotspot’ for oil and gas resources

    September 19, 20223 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Southern Africa
    South Africa is seeking to expand the use of gas as a bridge to lower carbon emissions.
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Southern Africa has been highlighted as rich in oil and gas resources as South Africa aims to use gas in its move to a lower carbon footprint.

    South Africa aiming to reduce emissions

    The Africa Energy Outlook 2022 report by the International Energy Agency supports the argument of gas as a transition fuel. Dr. Nobuhle Nkabane, South African Deputy Minister of Mineral Resources and Energy recently underlined its importance when she said, “There is growing consensus supported by technical studies that for South Africa to achieve its targets to reduce emissions in the electricity sector through the deployment of renewable energy, gas is part of the options necessary to support the network and ensure security of supply.”

    Minister Nkabane delivered the keynote address at the 2nd Annual Southern Africa Oil and Gas Conference held on 15 and 16 September at The Westin in Cape Town. The conference took place under the theme of ‘Shifting gear: towards a sustainable oil and gas future for Southern Africa’. The event was a joint partnership between the Department of Mineral Resources and Energy, the Petroleum Agency of South Africa and the South African Oil and Gas Alliance.

    Southern Africa a regional oil and gas hotspot

    “Gas is one of the significant milestones in the country’s drive to reduce its carbon footprint,” said Minister Nkabane. In line with this sentiment, the South African government is closely following global and continental oil and gas discoveries. Multinational gas companies have focused on Southern Africa as a geological exploration hotspot for oil and gas resources.

    There have been several gas discoveries in the country that are either in development or near development, offshore and onshore. These discoveries include Brulpadda/Luiperd, Renergen Virginia Gas, Eco (Atlantic) Oil & Gas and Lephalale Coal Bed Methane.

    The importance of indigenous oil and gas

    The current global energy crisis highlights the need to have indigenous oil and gas resources as part of the country’s mineral resource endowments that cannot be subject to fluctuations due to currency exchange rates, highlighted Minister Nkabane.

    “It will be of paramount importance to expand the Gas Commissions between South Africa and either Tanzania or Angola to increase our energy coordination, cooperation and trading patterns within the Southern African Development Community (SADC),” she added. South Africa entered into a Gas Trade Agreement with Mozambique in 2004 and has ongoing Gas Commissions with Mozambique and Namibia.

    In February 2022, Shell, through the Graff project and TotalEnergies, through the Venus project, both in Namibia, made significant discoveries of oil within the SADC region. “Energy security is critical for economic reconstruction and recovery, particularly for a developing economy like ours, that seeks to industrialize,” concluded Minister Nkabane.

    South Africa’s renewable energy investments have been negatively impacted by global demand for renewable power infrastructure components, according to noted Business Leadership South Africa (BLSA) CEO Busi Mavuso.

    Gas oil South Africa Southern Africa
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleNigerian tech startup funding highest in Africa
    Next Article TotalEnergies applies for production license for two major offshore gas field discoveries in SA

    Related Posts

    Business Energy

    Eni makes natural gas discovery offshore of Egypt

    January 16, 2023
    Business Infrastructure Power

    KarmSolar receives USD 3 million to develop Farafra Solar Grid

    January 11, 2023
    Business Business & Trade

    Strike action sees SA ports down to 13% of operating capacity

    December 14, 2022
    View 1 Comment

    1 Comment

    1. Pingback: TotalEnergies applies for license for two SA offshore gas field discoveries

    Leave A Reply Cancel Reply

    LATEST STORIES

    Free trade: Qatar and Morocco conclude second round of talks

    January 31, 2023

    MENA startups raised almost USD 4 billion in 2022

    January 30, 2023

    Autochek acquires KIFAL Auto, expands to North Africa

    January 27, 2023

    Wafeq raises USD 3 million in seed round

    January 26, 2023

    African startups double debt financing

    January 25, 2023
    • Business
      • Agri-Business
      • Entrepreneurship
      • FDI
      • Legislative
      • MEA
      • Properties
      • Telecoms
    • Infrastructure
      • Airport
      • Hospitality
      • Ports
      • Power
      • Rail
      • Roads
      • Transport
    • Finance
      • Banking
      • Islamic finance
    • Commodities
      • Agri commodities
      • Metals & minerals
      • Precious metals
    • Culture & Society
      • Education
      • Energy
    GAR logo
    © GulfAfricaReview.com 2014-2022, All Rights Reserved.

    Gulf Africa Review is a trade news and future networking platform for businesses leaders and trade organisations, established to first inform and secondly assist in facilitating the ongoing business and trade relations between the Gulf Cooperation Council countries and Sub-Saharan Africa. We aim to provide an apolitical voice for this channel of economic activity in a way that benefits both geographies by improving the availability of information about market events, developments and opportunities, while publicising the successes achieved by this ever-broadening regional relationship.

      Subscribe to our newsletter

      Type above and press Enter to search. Press Esc to cancel.