Maputo, Mozambique — 11 September 2013 – The chief executive of South African petrochemical group Sasol, David Constable, has revealed that natural gas prospecting in Mozambique is being closely followed in South Africa.
Macauhub News Agency quotes him as saying that the South African group, which is already involved in extracting natural gas in the Inhambane province of Mozambique, is analysing with other entities the way of helping transform the natural gas fields in the Rovuma basin, in northern Mozambique, into revenues.
“I think we will be a part of it in an as yet unspecified way, but very likely in gas processing,” said Constable, adding that the group was following the process closely, especially as the gas deposits were far out at sea and their exploration was expensive.
US group Anadarko Petroleum and Italy’s ENI recently discovered huge natural gas reserves in the two blocks they operate in the Rovuma basin.
According to the Wall Street Journal, the Sasol group, as well as being interested in expanding its business in Mozambique, is also interested in exploring shale gas deposits in the South African semi-desert region of the Karoo.
Source: Macauhub News Agency. For more information, click here.