The country’s fuel and energy sector is truly in trouble, with power shortages and blackouts worse than ever before
South Africa is facing an energy crisis on a very large scale. It’s not for nothing that President Cyril Ramaphosa took the unprecedented step of declaring a “national disaster” in February. The country’s fuel and energy sector is truly in trouble, with power shortages and blackouts worse than ever before.
In the face of severe load-shedding, the National Energy Regulator of South Africa (Nersa) has started approving gas projects to help alleviate the pressure on the economy.
Richards Bay is earmarked as the hub that will supply natural gas through the existing Lilly pipeline infrastructure (also known as the Secunda-Durban natural gas pipeline) inland and down to eThekwini.
Core well 270-05C spudded in March 2023 approximately 10kms from South Africa’s largest gas pipeline, the Lily Pipeline, which feeds the industries of the KwaZulu-Natal midlands and coastal cities. The core hole started encountering intermittent gassy zones from a depth of 175m with strong visible gas emissions observed from core samples at depths below 220m with drilling continuing.
Kinetiko Energy Ltd (ASX:KKO, OTC:KKOEF) has successfully completed core hole 270-03C in South Africa where there is a strong and growing demand for new energy sources, with strong gassy geology intersected in the targeted carbonaceous geology.
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