Crude has lost half its value since June as U.S. producers pumped oil at the fastest pace since 1983. Prices collapsed after OPEC’s decision on Nov. 27 to maintain production rather than sacrifice market share in the face of a glut.
The IEA, having worked closely with the Government, believes SA is moving more rapidly than most in developing its potentially huge shale gas resources.
By Peter Fabricius Media reports this week that South African Energy Minister Tina Joemat-Pettersson and Sergey Kirienko, Director-General of Russia’s State Atomic Energy Corporation, Rosatom, had signed a US$50 billion deal for Rosatom to build up to eight nuclear power stations – and a research reactor – in South Africa caused something of a, well, atomic … Read more
JOHANNESBURG (Reuters) – South Africa’s power utility Eskom has agreed a 75 million euro loan with the European Investment Bank to support its 100 MW concentrating solar power (CSP) plant, the company said on Thursday. “Eskom is committed to investing in projects that will diversify our energy mix, including renewable resources,” Eskom’s senior general manager for renewables Ayanda Nakedi said. … Read more