Industrial Gas Users Association South Africa (IGUA-SA) CEO Jaco Human has called for the urgent finalisation of a fiscal guarantees framework to help progress, to a “transactional level”, the infrastructure required to mitigate an impending gas supply crisis. In a presentation to the Portfolio Committee on Electricity and Energy, Human welcomed recent shifts in government thinking regarding the future role of gas, including using gas-to-power (GtP) projects to anchor demand for the importation of liquefied natural gas (LNG).
Frontier economies, mostly located in Africa, would need to spend one-third of their GDP by 2030 to achieve renewable power generation goals under the Sustainable Development Goal (SDG) scenario, compared with about 11% of GDP for other emerging markets and 4% for G7 economies, credit rating agency S&P Global president Yann Le Pallec has pointed out. “We need to address the transition and adaptation financing gap in low-income countries, which, in our view, is a major issue. Absent a strong global mobilisation from all stakeholders, the financing gap will continue to grow,” he said on June 4 at the 2025 S&P Global Ratings’ South Africa Conference, in Johannesburg.
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