JOHANNESBURG, July 3, 2014 /PRNewswire/ --
Today, Sasol Limited (Sasol) announced a joint pre-feasibility study for a large-scale gas-to-liquids (GTL) plant, which will be based on gas from the Rovuma Basin in Northern Mozambique. The study, which is being conducted in conjunction with Mozambique's national oil company, Empresa Nacional de Hidrocarbonetos (ENH) and Italian multinational, Eni, will assess the viability and benefits of such a plant to the region.
The announcement comes as Sasol celebrates a decade of gas infrastructure development and value-add in Mozambique, which, in turn, has contributed to the country and the region's economic growth and advancement. Sasol's in-country experience, an extensive market distribution footprint in the region and proven GTL expertise, place the company in a strong position to develop the country's first GTL facility, depending on the results of the study.
Eni is operator of the block called Area 4 in the deep waters of the Rovuma Basin, which is estimated to hold up to 85 trillion cubic feet of gas.
"The proposed GTL facility firmly aligns with Mozambique's Gas Master Plan goals, and, if successful, will go some way to accelerate socio-economic development in the country and the broader region. Our GTL aspirations highlight our commitment to partnering with the Mozambican government and Eni in the responsible development of the country's natural resources," said David Constable, Chief Executive Officer, Sasol Limited.
Forward-looking statements: Sasol may, in this document, make certain statements that are not historical facts and relate to analyses and other information which are based on forecasts of future results and estimates of amounts not yet determinable. These statements may also relate to our future prospects, developments and business strategies. Examples of such forward-looking statements include, but are not limited to, statements regarding exchange rate fluctuations, volume growth, increases in market share, total shareholder return and cost reductions. Words such as "believe", "anticipate", "expect", "intend", "seek", "will", "plan", "could", "may", "endeavour" and "project" and similar expressions are intended to identify such forward-looking statements, but are not the exclusive means of identifying such statements. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and there are risks that the predictions, forecasts, projections and other forward-looking statements will not be achieved. If one or more of these risks materialise, or should underlying assumptions prove incorrect, our actual results may differ materially from those anticipated. You should understand that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. These factors are discussed more fully in our most recent annual report under the Securities Exchange Act of 1934 on Form 20-F filed on 9 October 2013 and in other filings with the United States Securities and Exchange Commission. The list of factors discussed therein is not exhaustive; when relying on forward-looking statements to make investment decisions, you should carefully consider both these factors and other uncertainties and events. Forward-looking statements apply only as of the date on which they are made, and we do not undertake any obligation to update or revise any of them, whether as a result of new information, future events or otherwise.
Committed to excellence in all we do, Sasol is an international integrated energy and chemical company that leverages the talent and expertise of our more than 34 000 people working in 37 countries. We develop and commercialise technologies, and build and operate world-scale facilities to produce a range of product streams, including liquid fuels, high-value chemicals and low-carbon electricity.
While remaining committed to our home-base of South Africa, Sasol is expanding internationally based on a unique value proposition.
Alex Anderson, Group Media Manager
Direct telephone +27(11)441-3295; Mobile +27(0)71-600-9605;
Jacqui O'Sullivan, GM: Group Communication
Direct telephone +27(11)441-3252; Mobile +27(0)82-883-9697;