Sasol obtains approval from Mozambique on major gas proposal
Sasol has obtained approval from the Mozambique Council of Ministers for its field development plan (FDP) that will see further hydrocarbon resources developed to support Southern Africa growth, officials announced on Monday.
To be developed in phases, the first phase of the production sharing agreement (PSA) licence area development proposes an integrated oil, LPG and gas project adjacent to Sasol's existing petroleum production agreement (PPA) area.
The PPA area is where natural gas from the Pande and Temane fields is currently produced and processed in a central processing facility before being transported via an 865-kilometer pipeline to gas markets in Mozambique and South Africa .
"The Mozambican gas industry is playing an increasingly important role in the regional energy landscape, and this project represents a major milestone in further developing natural resources, which will significantly benefit Southern Africa " said David Constable, president and CEO of Sasol.
"The PSA development is aligned with our commitment to both Mozambique and South Africa, and will enable us to drive our broader 2050 strategy, which reaffirms Sasol's longer term role in Southern Africa," he added.
Investment terms were not immediately disclosed.
Comments