Mozambique Pitches Sasol and ROMPCO on $250 Million Gas Project
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…
Mozambique is exploring potential investments from South African energy company Sasol and pipeline firm ROMPCO in a $250 million offshore gas project. The project, located near the coastal towns of Inhassoro and Beira, could provide additional gas supply to South Africa. Mozambique's national oil and gas company, ENH, aims to establish floating storage and regasification units (FSRU) at the site, positioning the nation as a regional "power hub."
South Africa currently obtains gas from onshore fields, which are expected to dwindle in the coming years. Mozambique boasts substantial offshore gas reserves, currently being developed by major international players such as ExxonMobil, TotalEnergies, and Eni. ENH is set to acquire a 30-year concession for the infrastructure necessary to receive, regasify, store, and transport natural gas, as approved by the Mozambican government in late 2025.
The project's FSRUs in Beira and Inhambane are intended to ensure the country's infrastructure for transporting LNG from the Rovuma Basin projects and to sustain industrialization through domestic gas supply.
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