German Economic system Minister Robert Habeck has launched into a five-day tour to Namibia and South Africa searching for hydrogen to make sure vitality safety in Europe’s largest financial system, because the European nation seeks to switch Russian gasoline with different vitality assets.
The journey to Namibia and South Africa follows Habeck’s latest go to to Qatar the place the Minister signed a 15-year liquefied pure gasoline (LNG) buy and provide contract with Qatar Power.
African Power Chamber (AEC), because the voice of the African vitality sector, helps Habeck and Germany’s transfer to embark in inexperienced hydrogen partnerships with Namibia and South Africa however believes the huge pure gasoline assets which stay untapped throughout the southern African area current large vitality safety and financial development alternatives, and win-win situations for Germany and the southern African international locations concerned.
The AEC believes that the 2 international locations’ quickly increasing gasoline business – on the again of latest large discoveries together with TotalEnergies’ Luiperd and Brulpadda discoveries in South Africa and Namibia’s Venus and Graff discoveries, in addition to the great hydrocarbon potential within the Namib basin – presents a fast and sustainable resolution to handle Germany’s present vitality disaster.
Eni’s Coral Sul Floating LNG mission in Mozambique – which made its first LNG cargo to Europe in mid-November – is the proper instance of the potential of leveraging Africa’s offshore gasoline to make sure vitality reliability in Europe. The AEC strongly urges Germany to maximise investments in Namibia and South Africa’s LNG manufacturing and export potential to handle its looming gasoline shortages.
With Namibia and South Africa prioritizing gasoline exploitation and reserve enlargement to fulfill electrification targets – and Germany rising coal dependence to fulfill demand – Germany’s investments in gasoline exploration within the high-prospects deep water and ultra-deep water basins of southern Africa may play a vital position in driving a simply vitality transition in Europe and Africa.
“Germany is looking for vitality safety and desires to decarbonize whereas South Africa and Namibia need to industrialize. The trillions of pure gasoline reserves each on- and offshore throughout southern Africa might be essential in driving long-term socioeconomic developments for the three events. Because the Chamber, we’re assured gasoline presents the most effective vitality useful resource Germans can search from Africa to handle their vitality woes with out additional delays,” states NJ Ayuk, the Government Chairman of the AEC.
