Gas, private sector and free market investments crucial for SA to fix electricity crisis - IT-Online

  • 📰 ITOnlineSA
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 63%

Nederland Nieuws Nieuws

Nederland Laatste Nieuws,Nederland Headlines

StateOfDisaster - Gas, privatesector and free market investments crucial for SouthAfrica to fix electricitycrisis says AEC ~

Feb 13, 2023

With consumers in Africa’s third-largest, most industrialised and technologically advanced economy witnessing more than eight hours of blackouts per day, the AEC strongly recommends that President Ramaphosa and the South African government accelerate the country’s gas agenda, as both a short- and long-term strategy to alleviate the looming electricity crisis.

Meanwhile, capital spending in global upstream oil and gas projects will record a 10% increase in 2023 compared to 2022 levels, according to Wood Mackenzie. The sizable potential of new and large-scale gas discoveries across South Africa’s hydrocarbon-rich Orange Basin presents an ideal opportunity for the country to capitalise on this investment momentum and attract interest from international explorers.

The Chamber believes free markets and private sector investments are vital to address the South African energy crisis.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 16. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

LIVE | South Africa Ubuntu Awards 2023 - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.South African government is holding the annual Ubuntu Awards to recognise deserving recipients.
Bron: SABCNews - 🏆 37. / 51 Lees verder »

How a South African solar-powered mobile cinema is creating jobs for young people | BusinessA solar-powered mobile cinema initiative is making locally relevant films more accessible to African audiences, while also creating opportunities for training and jobs. _Business White young people obviously excluded
Bron: News24 - 🏆 4. / 80 Lees verder »