Covid-19 can be easily tweaked to adjust to new strains, explains NICD prof
Southern Africa braces for impact as tropical storm Eloise intensifies
10% drop in festive season road deaths, but no reduction in real terms, says AA
Why Northern Mozambique locals may support attacks in Cabo Delgado
He never forgot his humanity - politicians and journalists mourn Jackson Mthembu
Minister Jackson Mthembu passes away from Covid-19
10 countries that lead the world in vaccinating their people against Covid-19
Virgin Active responds to customer complaint about gym ventilation
Santam's three-month settlement offer 'flying in the face of policy and courts'
John Maytham's Book Reviews: 22 January 2021
Ginger shortage impacting ginger beer quality and price - SA producer
Ginger and garlic prices are skyrocketing – and unlikely to ever be cheap again
Rachel Kolisi has Covid-19. It is taking a toll on the kids, says Siya
Jurie Roux ordered to pay back R37m ‘misappropriated’ from Stellenbosch Uni
'What a moment of joy!' Siya pays surprise visit to fire-ravaged Masiphumelele
Sorry not sorry? Somizi slammed for posting jouno's cell number on Instagram
[PHOTOS] You can go to the beach! But only in the Northern Cape
'Billionaire perks' - SA reacts after Johann Rupert jumps queue for Covid-19 jab
Seychelles President hopes to vaccinate 70% of nation's population by mid-March
Chinese businesses and Namibian elites get rich illegally logging rosewood trees
Biden ends abortion funding rule to 'protect women's health, advance equality'
Sarb interest rate decision will hurt economy and property market - Samuel Seeff
Total finds - yet another - 'giant' gas reserve in South Africa
RELATED: South Africa just became the world’s hottest destination for oil exploration
Last year, Total announced that the “world-class” Brulpadda well could supply South Africa with energy equivalent to a billion barrels of oil.
Now, yet another, even larger Liquefied Natural Gas (LNG) reserve has been found, called Luiperd.
Both finds have major implications for energy-importing, electricity-starved South Africa.
For one, Mossgas, which will run out of gas within a few short years, can be sustainably resupplied.
The country can halt imports of Liquefied Natural Gas (LNG) and stop the expansion of pipelines from Mozambique, its increasingly unstable neighbour.
In an age of spiralling electricity costs, relying on gas for a larger part of our energy mix have untold promise.
Refilwe Moloto asked Stephen Larkin, the CEO of Africa New Energies, why this is such a big deal.
This couldn’t have come at a better time for South Africa’s economy… Luiperd is bigger than Brulpadda… it’s a world-class, giant find…
Stephen Larkin, CEO - Africa New Energies
Mossgas was a pioneering, engineering marvel! It was the first gas-to-liquid plant ever built in the world… Unfortunately, they didn’t have enough natural gas at the time to supply it. They build it on a prayer. This was the apartheid government’s thinking; they were desperate about energy security in the 1980s… When it came online in the 1990s… they said that, if they didn’t find natural gas, they would have to close it in 2021.
Stephen Larkin, CEO - Africa New Energies
Mossgas could supply 8% of the crude oil South Africa imports… those imports cost the economy about R200 billion per year…
Stephen Larkin, CEO - Africa New Energies
Total is looking for the fastest route to commercialisation… that involves working with the natural gas infrastructure supplying Mossgas … and converting Gariqwa into a large, natural gas-fired power station rather than a peaking plant using diesel at four times the cost… that’s R20 billion of imports substituted by local supply…
Stephen Larkin, CEO - Africa New Energies
Last year, Total said they expect first production in 2028 on Brulpadda…
Stephen Larkin, CEO - Africa New Energies
Listen to the interview in the audio below.
More from Business
10 countries that lead the world in vaccinating their people against Covid-19
Only Israel and the UAE are further along than the tiny African nation of Seychelles, ranked 178th by the size of its economy.
Read More
Virgin Active responds to customer complaint about gym ventilation
'We do allow the clubs to open windows and doors' but the ventilation systems remain key, explains Virgin Active's Derek du Preez.
Read More
Santam's three-month settlement offer 'flying in the face of policy and courts'
Attorney Anel Bestbier has slammed insurer Santam’s decision to limit business interruption settlement offers to just three months.
Read More
Strategies to help your small business not only survive, but thrive in 2021
Entrepreneur Pavlo Phitidis has tips for business owners looking for a plan of action to tackle current uncertainty.
Read More
Sarb interest rate decision will hurt economy and property market - Samuel Seeff
There was ample reason for a cut says the Seeff group. 'We've missed an opportunity' laments its chairperson, Samuel Seeff.
Read More
Ginger shortage impacting ginger beer quality and price - SA producer
Yamama Gemmer prides itself on using the best-quality imported ginger. Now it's forced to source the spice from wherever it can.
Read More
No further repo rate cut says Reserve Bank, increases expected in both Q2 and Q3
The SA Reserve Bank has announced the repo rate is unchanged at 3.5%. 'I would have cut!' declares economist Xhanti Payi.
Read More
Ginger and garlic prices are skyrocketing – and unlikely to ever be cheap again
"The market wasn't ready for what came our way; the rediscovery of their health benefits," says agri-economist Dr Kobus Laubscher.
Read More
Hire unemployed South African doctors of all races, not Cubans – Herman Mashaba
"People are dying," says Mashaba. "They don’t care who gives them service, whether you’re black or white. Employ our people!"
Read More
Medical scheme reserves could easily fund SA's Covid-19 vaccines - here's how
Business Insider SA's Phillip de Wet says South Africa's medical schemes could use their extra reserves to cover the country's entire vaccine bill.
Read More
Highlights