South Africa’s has eye on natural gas exploration in Mozambique

10 September 2013

The chief executive of South African petrochemical group Sasol, David Constable, said Monday in Johannesburg that natural gas prospecting in Mozambique was being “closely followed.”

The South African group, which is already involved in extracting natural gas in Inhambane province, “is analysing with other entities the way of helping transform the natural gas fields in the Rovuma basin, in northern Mozambique, into revenues.”

“I think we will be a part of it in an, as yet, unspecified way, but very likely in gas processing,” said Constable adding that the group was following the process closely, especially as the gas deposits are far out at sea and their exploration is expensive.

US group Anadarko Petroleum and Italy’s ENI recently have discovered large natural gas reserves in the two blocks they operate in the Rovuma basin.

According to the Wall Street Journal, the Sasol group, as well as being interested in expanding its business in Mozambique, is also interested in exploring shale gas deposits in the South African semi-desert region of Karoo. (macauhub)