South Africa’s Sasol interested in Mozambique’s natural gas

12 March 2013

South African petrochemical group Sasol may buy the stakes that are for sale in the Rovuma basin oil blocks in northern Mozambique, if the price is good, the group’s chairman said Monday.

US group Anadarko Petroleum and Indian group Videocon Industries announced they each plan to auction off a 10 percent stake in the Area 1 block of the Rovuma basin and Italian group ENI has said it is in talks with the China National Petroleum Corp to sell part of its 70 percent stake in another block.

“We are interested in seeing how we can work with the current owners of the blocks in the Rovuma basin, seeing what their needs are and how we can help them transform the natural gas there into cash using our technologies,” David Constable told financial news agency Reuters.

The Sasol group is the first in the world to produce liquid fuel from coal but has been investing in building factories to process natural gas into fuel and a variety of chemicals.

Constable also said that he had had an audience with the Mozambican President to discuss the possibility of Sasol, which has operated in Mozambique since 2004, helping to develop local industries supplied with energy made from natural gas. (macauhub)