The Financing of onshore gas projects in South Africa
October 2024
“The Centre for Environmental Rights (CER) has released a critical report on the financing of onshore gas projects in South Africa. It explores the financial, environmental, and social risks associated with gas as a ‘transition fuel,’ focusing on key projects like Kinetiko’s Mpumalanga Gas Project and Renergen’s Virginia Gas Field. The report raises concerns about stranded assets, transparency in financing, and the potential long-term impacts on water resources and climate change. It urges financiers and policymakers to exercise caution, highlighting the need for robust due diligence and environmental safeguards to ensure that public funds are responsibly allocated.
Read the full report to understand the complexities and risks of South Africa’s gas future.”