Sasol has approved the final investment decision (FID) on the Production Sharing Agreement (PSA).<\/p>\n
This project will entail Mozambique incountry monetisation of gas through a 450-megawatt gas-fired power plant Central T\u00e9rmica de Temane (CTT) and a liquefied petroleum gas (LPG) facility in the same time frame. The balance of the gas produced will be exported to South Africa to sustain Sasol\u2019s operations.<\/p>\n
The total estimated project cost is US$760 million and is within the scope of the PSA Plan of Development (PoD) which was approved by the Council of Ministers\u2019 Resolution Nr 3\/2020, of 29 September.<\/p>\n
Speaking to the press this morning, Sasol\u2019s President and CEO, Fleetwood Grobler, said: \u201cThe PSA development underpins Sasol’s gas transformation strategy by securing additional gas supply from southern Mozambique into Sasol’s gas value chain starting 2024 and serves as a cornerstone in addressing Sasol’s sustainability agenda\u201d.<\/p>\n
The PSA Development project is scheduled to kick-off in July 2021, subject to CTT financial close, and will employ over 3 000 Mozambicans until 2024.<\/p>\n
Sasol says it remains committed to the development of the country and we believe that with PSA entering into development and production phase, we will be able to bring additional value to what we have already been doing through the Petroleum Production Agreement (PPA) license which is contributing to the economy since 2004.<\/p>\n","protected":false},"excerpt":{"rendered":"