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LARGE natural gas discoveries off the coast of Mozambique have put the former Portuguese colony in the spotlight, as major international energy companies such as US-listed Anadarko Petroleum and Italian oil and gas multinational Eni are hitting huge gas reserves.
South African multinational Sasol has, on several occasions, demonstrated why the gas discoveries are a big deal for its gas-fuelled growth strategy. Its initiatives in Mozambique include the expanded natural gas central processing facility in Temane. Sasol says it plans to develop additional gas-fired electricity generation in Mozambique, in partnership with the country’s state-owned power utility, Electricidade de Moçambique, at Ressano Garcia.
National oil company PetroSA, on the other hand, must be kicking itself for getting left behind in the hunt for gas.
Mozambique’s proximity to SA means that the gas fields are like manna from heaven for PetroSA, which has a gas-to-liquids refinery in Mossel Bay. The biggest risk it faces at the moment is dwindling gas supplies for the plant.
The gas revolution in Mozambique gives PetroSA options as far as supplies are concerned. CE Nosizwe Nocawe Nokwe says the natural gas discoveries in Mozambique mean PetroSA can access feedstock for the Mossel Bay gas-to-liquids plant "at reasonable prices".
PetroSA spokesman Kaizer Nyatsumba says the company is catching up. It has already penned a "co-operation agreement" with its Mozambique counterpart, PetroMoc, and wants to jointly develop and operate a gas-to-liquids refinery in Mozambique.
Ms Nokwe says PetroSA’s priority is to keep the Mossel Bay refinery, the company’s main revenue driver, running.
Source: Business Day
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