South Africa: Sunbird signs gas sales term sheet for Ibhubesi


Issue 297 - 26 Mar 2015 | 1 minute read

The Ibhubesi Gas Project joint venture of Sunbird Energy and PetroSA has agreed a gas sales agreement (GSA) term sheet with Eskom Holdings for the supply of gas to the Ankerlig power station. Sunbird said the term sheet set the key commercial terms and processes for the finalisation of a binding GSA during 2015. The term sheet includes provisions for the supply of 30bcf/yr of gas for up to 15 years to the 1,200MW Ankerlig open-cycle gas turbine power station about 40km north of Cape Town, which presently runs on diesel.

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