Sasol Limited to tap into Mozambique’s oil and gas reserves

natural gas tim evanson flickrDavid Constable, CEO of Sasol Limited said Mozambique's natural gas reserves should be monetised for regional markets. (Image source: Tim Evanson/Flickr) South African energy and chemicals company Sasol Limited has expressed keeness to tap into Mozambique’s oil and gas assets

David Constable, CEO of Sasol, said, “In our discussions with the Mozambican government, we believe it is important that the natural gas does not get liquefied and sent to Asia.”

Constable added that natural gas should be monetised for regional markets, for various purposes like electricity generation or producing chemicals.

The current and future investments in Mozambique totalled about US$3bn, including a loop line on the Secunda pipeline and a 140MW gas-fired power station at Ressano Garcia, according to Sasol Limited.

A two-pronged strategy to 2050 included investments in Southern Africa and North America, the company stated.

Till December 2013, Sasol Limited reportedly spent US$1.8bn on sustaining and growth capital, out of which US$129mn was spent on African nations, including Mozambique.

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