{"id":266736,"date":"2025-11-27T13:40:56","date_gmt":"2025-11-27T14:40:56","guid":{"rendered":"https:\/\/www.premium-partners.net\/?p=266736"},"modified":"2025-11-27T17:07:26","modified_gmt":"2025-11-27T17:07:26","slug":"public-investment-corporation-unveils-landmark-natural-gas-strategy","status":"publish","type":"post","link":"https:\/\/www.premium-partners.net\/fr\/builder\/public-investment-corporation-unveils-landmark-natural-gas-strategy\/","title":{"rendered":"Public Investment Corporation unveils landmark natural gas strategy"},"content":{"rendered":"

This post<\/a> was originally published on this site<\/a><\/p>

<\/p>\n

The Public Investment Corporation (PIC<\/span>) said on Thursday it has approved a landmark strategy on natural <\/span>gas<\/span>, marking a pivotal step towards bolstering South Africa’s energy security and accelerating the country\u2019s decarbonisation agenda.<\/p>\n

The PIC is a South African state-owned asset manager that invests public sector funds, primarily for the Government Employees Pension Fund. As of early 2025, it manages over R3 trillion in assets, making it one of the largest asset managers in Africa.<\/span> <\/span><\/p>\n

The strategy is engineered to help secure a stable <\/span>gas<\/span> <\/span>supply, directly supporting South Africa\u2019s critical transition towards cleaner energy sources. Crucially, this initiative aligns with the National Development Plan (NDP), the Draft <\/span>Gas<\/span> <\/span>Masterplan, and the Integrated Resource Plan (IRP), all of which advocate for significant investment in natural <\/span>gas<\/span>. <\/p>\n

The <\/span>PIC<\/span> said its <\/span>strategy provides for direct and indirect investments into midstream and downstream regional <\/span>gas<\/span> <\/span>projects. Each investment will be rigorously assessed on a project-by-project and risk-adjusted basis, ensuring sustainable financial returns for client investment portfolios. <\/p>\n

 The strategy is built upon five core components:<\/strong><\/p>\n

    \n
  1. Investment in <\/span>Gas<\/span> <\/span>Infrastructure<\/b>: The strategy outlines significant potential investments in <\/span>gas<\/span> <\/span>infrastructure to support South Africa\u2019s transition towards cleaner energy sources. The <\/span>PIC<\/span> <\/span>believes targeted investment in <\/span>gas<\/span> <\/span>will further unlock other opportunities for developing renewable energy. Moreover, substantial investments will be crucial for achieving economies of scale in anticipation of the Department of Electricity and Energy\u2019s stated objective to procure <\/span>gas<\/span> <\/span>at a load factor of 50%.<\/li>\n
  2. Conversion of OCGT Facilities and 3 000 MW <\/span>Gas<\/span> <\/span>to Power<\/b>: Eskom plans to convert its two Open Cycle <\/span>Gas<\/span> <\/span>Turbine (OCGT) facilities, Ankerlig and Gourikwa, that currently burns diesel to <\/span>gas<\/span>, and to set up a 3 000 MW <\/span>gas<\/span>-to-power plant in Richards Bay. Reliant on <\/span>gas<\/span>, these initiatives will play a crucial role in reducing emissions and stabilising the energy grid. <\/li>\n
  3. Addressing the <\/span>Gas<\/span> <\/span>Supply Cliff<\/b>: The strategy addresses the impending <\/span>gas<\/span> <\/span>supply cliff that threatens South Africa\u2019s industrial <\/span>gas<\/span> <\/span>users. Industrial <\/span>gas<\/span> <\/span>users employ over 70 000 employees directly contribute to 10% of South Africa\u2019s GDP and consume 5-8 GW of power.<\/li>\n
  4. Regional Cooperation<\/b>: The strategy emphasises regional cooperation, particularly with Mozambique and Namibia, to develop the natural <\/span>gas<\/span> <\/span>market and drive industrialisation and regional development. <\/li>\n
  5. Sectoral Impact<\/b>: Beyond energy generation, natural <\/span>gas<\/span> <\/span>will be utilised as a chemical feedstock for producing ammonia, urea, methanol, and diesel, benefiting various sectors such as agriculture, mining, and transportation.<\/li>\n<\/ol>\n

    The PIC said the approval of the <\/span>PIC<\/span> <\/span>strategy on natural <\/span>gas<\/span> <\/span>occurs at a time when the global energy landscape is undergoing a profound transformation driven by climate change, the need for energy security, and advancements in technology.<\/p>\n

    “In recent years, natural <\/span>gas<\/span> <\/span>markets have stabilised following periods of volatility, and global energy policies have become increasingly favourable towards natural <\/span>gas,” it said. <\/span><\/p>\n

    The <\/span>PIC<\/span> <\/span>strategy on natural <\/span>gas<\/span> <\/span>marks a significant milestone in South Africa’s journey towards energy security and sustainability.<\/p>\n

    The <\/span>PIC said it <\/span>remains committed to driving investments that support South Africa\u2019s energy security, its decarbonisation efforts, and better regional cooperation.<\/p>\n

    BUSINESS REPORT<\/strong><\/p>","protected":false},"excerpt":{"rendered":"

    The Public Investment Corporation (PIC) said on Thursday it has approved a landmark strategy on natural\u00a0gas, marking a pivotal step towards bolstering South Africa’s energy security and accelerating the country\u2019s decarbonisation agenda.The PIC is a South African state-owned asset manager that invests public sector funds, primarily for the Government Employees Pension Fund. As of early 2025, it manages over R3 trillion in assets, making it one of the largest asset managers in Africa.\u00a0The strategy is engineered to help secure a stable\u00a0gas\u00a0supply, directly supporting South Africa\u2019s critical transition towards cleaner energy sources. Crucially, this initiative aligns with the National Development Plan (NDP), the Draft\u00a0Gas\u00a0Masterplan, and the Integrated Resource Plan (IRP), all of which advocate for significant investment in natural\u00a0gas.\u00a0The\u00a0PIC said its strategy provides for direct and indirect investments into midstream and downstream regional\u00a0gas\u00a0projects. Each investment will be rigorously assessed on a project-by-project and risk-adjusted basis, ensuring sustainable financial returns for client investment portfolios.\u00a0\u00a0The strategy is built upon five core components:Investment in\u00a0Gas\u00a0Infrastructure: The strategy outlines significant potential investments in\u00a0gas\u00a0infrastructure to support South Africa\u2019s transition towards cleaner energy sources. The\u00a0PIC\u00a0believes targeted investment in\u00a0gas\u00a0will further unlock other opportunities for developing renewable energy. Moreover, substantial investments will be crucial for achieving economies of scale in anticipation of the Department of Electricity and Energy\u2019s stated objective to procure\u00a0gas\u00a0at a load factor of 50%.Conversion of OCGT Facilities and 3 000 MW\u00a0Gas\u00a0to Power: Eskom plans to convert its two Open Cycle\u00a0Gas\u00a0Turbine (OCGT) facilities, Ankerlig and Gourikwa, that currently burns diesel to\u00a0gas, and to set up a 3\u00a0000 MW\u00a0gas-to-power plant in Richards Bay. Reliant on\u00a0gas, these initiatives will play a crucial role in reducing emissions and stabilising the energy grid.\u00a0Addressing the\u00a0Gas\u00a0Supply Cliff: The strategy addresses the impending\u00a0gas\u00a0supply cliff that threatens South Africa\u2019s industrial\u00a0gas\u00a0users. Industrial\u00a0gas\u00a0users employ over 70 000 employees directly contribute to 10% of South Africa\u2019s GDP and consume 5-8 GW of power.Regional Cooperation: The strategy emphasises regional cooperation, particularly with Mozambique and Namibia, to develop the natural\u00a0gas\u00a0market and drive industrialisation and regional development.\u00a0Sectoral Impact: Beyond energy generation, natural\u00a0gas\u00a0will be utilised as a chemical feedstock for producing ammonia, urea, methanol, and diesel, benefiting various sectors such as agriculture, mining, and transportation.The PIC said the approval of the\u00a0PIC\u00a0strategy on natural\u00a0gas\u00a0occurs at a time when the global energy landscape is undergoing a profound transformation driven by climate change, the need for energy security, and advancements in technology.”In recent years, natural\u00a0gas\u00a0markets have stabilised following periods of volatility, and global energy policies have become increasingly favourable towards natural\u00a0gas,” it said.\u00a0The\u00a0PIC\u00a0strategy on natural\u00a0gas\u00a0marks a significant milestone in South Africa’s journey towards energy security and sustainability.The\u00a0PIC said it remains committed to driving investments that support South Africa\u2019s energy security, its decarbonisation efforts, and better regional cooperation.BUSINESS REPORT<\/p>","protected":false},"author":1,"featured_media":266738,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-266736","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-builder"],"_links":{"self":[{"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/posts\/266736","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/comments?post=266736"}],"version-history":[{"count":1,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/posts\/266736\/revisions"}],"predecessor-version":[{"id":266737,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/posts\/266736\/revisions\/266737"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/media\/266738"}],"wp:attachment":[{"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/media?parent=266736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/categories?post=266736"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/tags?post=266736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}