SacOil’s exit from African pipeline raises questions
Power lines in South Africa. The ARP would provide gas for power projects along its route. (PA)
The departure of Johannesburg-listed SacOil from its own $6 billion pipeline project to export gas from Mozambique’s Rovuma Basin to South Africa poses a number of questions, many of which remain unanswered.
SacOil was the company that initially proposed the 2,600 km African Renaissance Pipeline (ARP) project in 2014 along with the IGEPE, the Mozambique agency that manages the government’s stakes in state-owned companies, and South Africa’s Public Investment Corp.