Sasol to monetize Mozambique gas

[miningmx.com] – SASOL was seeking ways to monetise Mozambique’s oil and gas resources rather than having all the natural gas liquefied and sent to Asia, said BDLive citing the petrochemical group’s CEO, David Constable.

“In our discussions with the Mozambique government, we have said we believe it is important that all the natural gas does not get liquefied and sent to Asia,” Constable is quoted to have said. “We need to monetise it in the country for regional markets, whether gas to liquids or making chemicals or generating electricity,” he said.

Sasol’s current and future investments in Mozambique totalled about $3bn, including a loop line on the Secunda pipeline and a 140MW gas-fired power station at Ressano Garcia, said BDLive.

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