https://newsletter.mw.creamermedia.com

South Africa can sustainably tap its hydrocarbon reserves

17th October 2025

By: Rebecca Campbell

Creamer Media Senior Deputy Editor

     

Font size: - +

The South African National Petroleum Company (SANPC) believes that the country has to develop its hydrocarbon resources, while not destroying the environment. So averred SANPC CEO Godfrey Moagi, addressing the Africa Energy Week 2025 conference, at the Cape Town International Convention Centre, earlier this month.

“Gas is going to be the next big thing,” he affirmed. He believes that the country can develop its hydrocarbon resources and decarbonise at the same time.

“We are dealing with a very interesting time,” he noted, referring both to international political tensions and climate change. “We have to focus a lot on sustainability. South Africa and Africa are energy hungry. We have big opportunities coming our way and we should invest in that.”

But key to developing these opportunities will be partnerships.

“We are aware that oil and gas projects take a long time. We are up for partnerships – win-win.”

The SANPC is a State-owned company created by the merger of iGas (the South African Gas Development Company), PetroSA (the Petroleum Oil and Gas Corporation of South Africa) and the Strategic Fuel Fund. This merger became effective on May 1.

The new company is now in Phase 2 of its development, which will run from this year to next year. This is its operationalisation phase.

This involves the optimisation of its business and service model, the operationalisation of its assets, the obtaining of approvals under the Upstream Petroleum Resources Development Act, the development of revenue generation options, the integration of its staff and the inculcation of a values-based performance culture, the development of a strategy and the prioritisation of key business activities and projects, as well as the creation of strategic partnerships and alliances.

“We want to be the Africa [energy] champion, the national champion,” he highlighted. “Our value proposition is national energy security.”

The company’s strategic objectives are, indeed, energy security, achieving commercial sustainability for the CEF Group (previously the Central Energy Fund), and to contribute to the country’s economic recovery. The SANPC will also support South Africa’s Just Energy Transition. Taking everything together, the company will contribute to social development and prosperity in South Africa.



Edited by Martin Zhuwakinyu
Creamer Media Senior Deputy Editor

Article Enquiry

Email Article

Save Article

To advertise email advertising@creamermedia.co.za or click here

Showroom

Bell Equipment
Bell Equipment

As one of South Africa's leading manufacturers, Bell Equipment distributes and exports its wide range of heavy equipment globally to mining,...

VISIT SHOWROOM 
Rittal
Rittal

Rittal is a world leading provider of top-quality integrated systems for enclosures, power distribution, climate control, IT infrastructure and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 17 October 2025
Magazine round up | 17 October 2025
17th October 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.109 0.185s - 125pq - 2rq
Subscribe Now