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2022

Sasol drops plan to invest in pipeline in favour of LNG imports

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Sasol will no longer consider gas supply from a planned pipeline stretching from fields in northern Mozambique to its South African operations because it doesn’t want to get stuck with the infrastructure as the world shifts away from fossil fuels, CEO Fleetwood Grobler said. The company, South Africa’s biggest fuel producer, in 2020 said it would potentially buy a small stake in the proposed 2 600 km African Renaissance Pipeline -- valued at $6-billion in 2016 -- connecting to discoveries made by TotalEnergies and Eni. TotalEnergies last year suspended the development of its find due to an Islamist insurgency.



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