https://www.miningweekly.com
Coal|Gas|Petrochemicals|Water
Coal|Gas|Petrochemicals|Water
coal|gas|petrochemicals|water

Sasol gives up licence to seek offshore gas in Mozambique

5th July 2020

By: Reuters

  

Font size: - +

South African petrochemicals giant Sasol has opted to give up its licence to explore for gas off the Mozambique coast, the company said on Sunday.

"Sasol will return Block 16/19 in its entirety to the Government of Mozambique. To this end, a withdrawal notification has already been sent to the relevant Mozambican authorities", the firm said in a statement.

Sasol was awarded the research licence in 2005. In 2013 it abandoned the deep water part of the licence, retaining the shallow water allotment to assess its hydrocarbon potential.

It is still exploring for gas onshore in the fields of Pande and Temane, in the northern province of Inhambane.

Sasol, the world's top producer of motor fuel from coal, is trying to shed assets to pay off its debt pile and avoid a rights issue of up to $2-billion.

Edited by Reuters

Comments

Latest News

The integration of Alamos' Island Gold mine (pictured) and Argonaut's Magino mine will create synergies of $515-million.
Alamos buys rival Argonaut
27th March 2024 By: Mariaan Webb

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
Showroom image
Alcohol Breathalysers

Supplier & Distributor of the Widest Range of Accurate & Easy-to-Use Alcohol Breathalysers

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Hyphen, Eva mine, ferrochrome price make headlines
Hyphen, Eva mine, ferrochrome price make headlines
27th March 2024
Resources Watch
Resources Watch
27th March 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.092 0.125s - 89pq - 2rq
Subscribe Now