Sasol takes a second bet on Mozambique
Gas from the Pande and Temane fields will feed Mozambique’s power grid.
Sasol’s $1.4 billion Production Sharing Agreement (PSA) development for acreage in Mozambique’s Inhambane province looks likely to be one of the few major deals that moves forward in the country this year.
The South African company came under criticism after its first project in Mozambique – the development of the Pande and Temane gas fields – generated minimal returns for Maputo. But with the prospect of a sovereign default looming for the country, perhaps any deal is better than none as Mozambique tries prove, once again, that it is open for business.