• In September 2020, the South African Cabinet approved a goal to reduce greenhouse gas emissions to net zero by 2050.
• But coal constitutes ~70% of the energy used in SA today.
• The Low Emission Development Strategy (LEDS) is “the beginning of our journey towards ultimately reaching a net zero economy by 2050”.

The Transition to 2050

• Growing environmental pressure (climate change) and depleting coal reserves call for substitution with gas as transition fuel.
• A shift from coal to gas as an interim measure in the energy mix finds a new level.

The Solution – Gas …

• RSA currently consumes some c200 PJa of gas, constrained mostly by limited supply via the Republic of Mozambique Pipeline Company (ROMPCo) pipeline from Southern Mozambique
• Gas demand is projected to grow to at least 450 PJa by 2030, fueled by substitution of coal in electricity generation, industrial demand and cleaner liquid fuel needs
• Department of Minerals Regulation and Energy (DMRE) Integrated Resource Plan 2019 (IRP) calls for 3GW of new gas power generation by 2027.
• The Solution

2050 Energy (Pty) Ltd together with its strategic partners (a Global LNG Terminal Operator and Trader) are working to:

• Set-up LNG Storage and Regasification infrastructure to import LNG into South Africa
• Develop a profitable gas distribution business in South Africa, supplying gas to anchor CCGT Power customers and selling the additional gas to industrial customers.