JOHANNESBURG, July 3, 2014 /CNW/ - Today, Sasol Limited (Sasol) announced a joint pre-feasibility study for a large-scale gas-to-liquids (GTL) plant, which will be based on gas from the Rovuma Basin in Northern Mozambique. The study, which is being conducted in conjunction with Mozambique's national oil company, Empresa Nacional de Hidrocarbonetos (ENH) and Italian multinational, Eni, will assess the viability and benefits of such a plant to the region.
The announcement comes as Sasol celebrates a decade of gas infrastructure development and value-add in Mozambique, which, in turn, has contributed to the country and the region's economic growth and advancement. Sasol's in-country experience, an extensive market distribution footprint in the region and proven GTL expertise, place the company in a strong position to develop the country's first GTL facility, depending on the results of the study.
Eni is operator of the block called Area 4 in the deep waters of the Rovuma Basin, which is estimated to hold up to 85 trillion cubic feet of gas.
"The proposed GTL facility firmly aligns with Mozambique's Gas Master Plan goals, and, if successful, will go some way to accelerate socio-economic development in the country and the broader region. Our GTL aspirations highlight our commitment to partnering with the Mozambican government and Eni in the responsible development of the country's natural resources," said David Constable, Chief Executive Officer, Sasol Limited.
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Committed to excellence in all we do, Sasol is an international integrated energy and chemical company that leverages the talent and expertise of our more than 34 000 people working in 37 countries. We develop and commercialise technologies, and build and operate world-scale facilities to produce a range of product streams, including liquid fuels, high-value chemicals and low-carbon electricity.
While remaining committed to our home-base of South Africa, Sasol is expanding internationally based on a unique value proposition.
For further information: Issued by: Alex Anderson, Group Media Manager, Direct telephone +27(11)441-3295, Mobile +27(0)71-600-9605, [email protected]; Jacqui O'Sullivan, GM: Group Communication, Direct telephone +27(11)441-3252, Mobile +27(0)82-883-9697, [email protected]