The development plan for the activities of South African petrochemical group in Mozambique has been approved by the government of Mozambique, at a cabinet meeting, the group said in a statement.
The Production Sharing Contract (PSC) will be implemented in phases, the first being an operation that includes oil, liquefied petroleum gas and natural gas, adjacent to the area included in the Petroleum Production Agreement (PPA) signed years ago with the Mozambican government.
The area of the Petroleum Production Agreement encompasses the natural gas reserves of Pande and Temane, where gas production and processing is currently carried out, before being transported through the 865-kilometre pipeline from Mozambique to neighbouring South Africa.
David Constable, chief executive officer of Sasol Limited, was quoted in the statement saying, “the gas industry in Mozambique is playing an increasingly important role in the regional energy scenario, and this project is an important milestone in the development of natural resources that will benefit southern Africa.”
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