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He did not reveal when the asset might be put liquefaction plant capable of turning out more
up for sale or whether the Portuguese firm had than 15mn tonnes per year (tpy) of LNG. Exx-
identified any potential buyers. Negocios com- onMobil has said that this step may hinge on the
mented, though, that the stake might attract state of security conditions in northern Mozam-
considerable interest, as the Russian invasion of bique. TotalEnergies (France) has already put its
Ukraine had disrupted global gas markets and own $20bn LNG project on hold because of an
generated significant interest in new sources of Islamist insurgency in the Cabo Delgado prov-
gas supply. ince.
As of press time, reports of the upcoming
sale could not be confirmed. Galp has not com-
mented on the matter.
The Rovuma LNG consortium is operated
by Mozambique Rovuma Venture (MRV), an
incorporated joint venture owned by Exxon-
Mobil of the US, Italy’s Eni and China National
Petroleum Corp. (CNPC). MRV owns a 70%
stake in the Area 4 exploration and produc-
tion concession contract, while Galp, KOGAS
of South Korea and Mozambique’s national oil
company (NOC), known as Empresa Nacional
de Hidrocarbonetos (ENH), each have 10%.
The partners have yet to take a final invest-
ment decision (FID) on their $30bn project,
which calls for the development of a section of
Area 4 and the construction of an onshore gas Rendering of planned onshore facility for Rovuma LNG project (Image: Eni)
Sasol launches €50mn fund
to facilitate decarbonisation
SOUTH AFRICA JOHANNESBURG-BASED integrated energy Ventures places us in a position to access tech-
and chemical company Sasol has established a nology opportunities that will contribute to
venture capital fund, Sasol Ventures, to advance transforming our business,” he added.
its decarbonisation and 2050 net zero ambitions. According to Hanré Rossouw, Sasol’s chief
The fund will invest €50mn ($53mn) over financial officer, Sasol Ventures presents a new
the next five years, making it the largest chemi- dynamic lever to the company’s strategy to pro-
cals and industry venture capital fund in South duce sustainable energy and chemicals products
Africa. for a modern society.
To grow its portfolio for the fund, Sasol has “We look forward to leveraging our financial
partnered with Emerald Technology Ventures, and intellectual capital through compelling and
a specialised global venture capital firm, the investable prospects that will create value for
company said in a statement on February 21. Sasol and our stakeholders,” he said.
Through this partnership, Sasol has also directly
invested in Emerald’s global energy transforma-
tion fund.
The collaboration will complement Sasol’s
existing research and technology capabilities.
The fund will pursue investments in start-up
and early-stage technologies that will enable
Sasol to meet the need for sustainable chemicals
and energy solutions to decarbonise its business
and markets that it serves globally.
“We are very excited with the prospect of
Sasol Ventures playing a key role in our decar-
bonisation ambitions,” said Fleetwood Grobler,
president and CEO of Sasol.
“As the world accelerates its energy systems
towards more sustainable systems through
emerging and disruptive technologies, Sasol Sasol says the collaboration complements its existing R&D capacity (Photo: Sasol)
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