SASOL’s decision to reverse plans to use a proposed pipeline that would stretch from fields in northern Mozambique to its South African operations isn’t seen impacting the project’s prospects.
The fuel producer, South Africa’s second-biggest listed company by sales, said in 2020 it would potentially buy a small stake in the proposed 2 600 km pipeline connecting to natural gas projects part-owned by TotalEnergies and ExxonMobil Corp. That’s about the distance from Boston to Houston.
Sasol has since ruled out the idea, saying it doesn’t want to get stuck with the infrastructure as the world shifts away from fossil fuels.
African Renaissance Pipeline Limitada, the Mozambican company planning the project valued at about $8-billion, has enough interest from other buyers, said Kwasi Agbley, an adviser to ARP’s board.
“We didn’t predicate our project on Sasol,” Agbley said by phone. “We already have expressions of interest of potential domestic users for
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