He says they are waiting on the National Energy Regulator of South Africa (NERSA) to approve its pricing.
Over 700,000 people benefit from direct and indirect jobs that hinge on the gas market, therefore, according to Baloyi, it is crucial that solutions be sought.
In northern-Mozambique, there is up to 100,000 Trillion Cubic Feet (TCF) of gas. However, due to the distance, Baloyi says they will not be building a pipeline spanning over 2,000km.
Companies like Total and Exxon are currently working to monitise the gas from there.
READ: SA food inflation slows in February, but fuel threat looms
“The gas will still come as LNG,” says Baloyi. With those companies working from there already,…
First Democratic Elections: South Africa held its first fully democratic elections in
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