Page 10 - AfrOil Week 09 2021

AfrOil INVESTMENT AfrOil

Sasol makes FID on Pande-Temane project

MOZAMBIQUE SOUTH Africa’s Sasol is looking to push for- For his part, Sasol’s president and CEO Fleet-
ward with the development of Pande and wood Grobler said that the project would benefit
Temane, two onshore natural gas fields in neigh- his company. “The PSA development underpins
bouring Mozambique. Sasol’s gas transformation strategy by securing
The company said in a statement late last additional gas supply from southern Mozam-
month that it had made a final investment deci- bique into Sasol’s gas value chain starting [in]
sion (FID) on the project, which is expected 2024 and serves as a cornerstone in addressing
to carry a price tag of $760mn. This move will Sasol’s sustainability agenda.”
allow Sasol to proceed with work at Pande and The Panda and Temane fields are believed
Temane under the production-sharing agree- to hold as much as 1.2 trillion cubic feet of gas
ment (PSA) that was approved last September. (32.98bn cubic metres), along with around
Under the PSA, future production from the 10mn barrels of crude oil. Gas production is due
two fields is slated for delivery to several desti- to begin in 2024. ™
nations. Some of the gas will go to a new plant
that will turn out LPG for sale on local markets,
while some will be used to fuel Central Térmica
de Temane (CTT), a 450-MW thermal power
plant (TPP) that will be built in Mozambique.
The remaining volumes will be exported to
South Africa via overland pipeline.
Sasol said it intended to begin work at Pande
and Temane in July of this year, subject to the
finalisation of plans for the construction of CTT.
It also noted that the gas project was expected to
create more than 3,000 jobs for Mozambicans
by the end of 2024, when production is slated
to begin.
The FID demonstrates the company’s ongo-
ing interest in Mozambique, the statement said.
“Sasol remains committed to the development
of the country, and we believe that with PSA
entering into [the] 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) licence
[for Pande and Temane], which [has been] con-
tributing to the economy since 2004.” Some gas from Pande and Temane will be piped to South Africa (Image: Sasol)

POLICY
UN seeks information on Chinese firms’

handling of South Sudan oil revenues

SOUTH SUDAN THE UN reportedly has raised questions about They have justified this request by citing
Chinese companies’ handling of revenues from allegations that Nilepet, the national oil com-
oil production in South Sudan. pany (NOC), has not always received its share
According to Agence Ecofin, UN investiga- of revenues from various projects in timely or
tors have asked all Chinese companies working transparent ways.
in Africa’s youngest country to provide more The investigators appear to be particularly
information about their arrangements for the interested in the activities of Dar Petroleum
payment of crude oil revenues to the South Operating Co. (DPOC), which is the country’s
Sudanese government. largest oil producer.

P10 www. NEWSBASE .com Week 09 03•March•2021