Sunbird Energy Looks to Expand Ibhubesi Gas Project and Supply Eskom Power Station
Engineering News reported that Sunbird Energy (ASX:SNY) has proposed additional components to its Ibhubesi gas project as it looks to supply Eskom’s Ankerlig power station.
Engineering News reported that Sunbird Energy (ASX:SNY) has proposed additional components to its Ibhubesi gas project as it looks to supply Eskom’s Ankerlig power station.
As quoted in the market news:
The Ibhubesi Gas Field, located about 400 km north of Cape Town, is South Africa’s largest undeveloped gas field with about 540-billion cubic feet of gas. Sunbird’s joint venture partner in the project is national oil company PetroSA.
Sunbird, which is listed in Australia, earlier this year signed a gas sales agreement term sheet with Eskom. The agreement is for the supply of 30-billion cubic feet of gas per year for up to 15 years. Sunbird has described the agreement as a major step towards the commercialisation of the Ibhubesi gas field. As a result of the agreement with Eskom, Sunbird is considering inclusion of, among others, a floating production and offloading unit or a semi submersible production platform in the licence area, an offshore pipeline, an onshore pipeline and an onshore gas receiving facility.
As a result of the proposed changes, Sunbird has issued the draft environmental impact report for a 40-day comment period until November 11. The project must comply with the National Environment Management Act and the Mineral and Petroleum Resources Development Act.
