Mozambique Pitches Sasol and ROMPCO on $250 Million Gas Project

AI Summary

Mozambique is discussing a potential $250 million offshore gas project with South African energy firm Sasol and pipeline operator ROMPCO. The project could route additional gas to South Africa, with floating storage and regasification facilities planned near Inhassoro and the port of Beira.

Mozambique is in discussions with South African energy firm Sasol and pipeline company ROMPCO to potentially invest in a new $250 million gas project offshore Mozambique that could send more gas to South Africa. Mozambique plans to have floating storage and regasification units (FSRUs) at the new project at the coastal town of Inhassoro and the port of Beira, as the country aims to become a “power hub” for the region, Rudêncio Morais, CEO and chairman of Mozambique’s national oil and gas company, Empresa Nacional de Hidrocarbonetos…