Petroleum Africa
Find us on: 
Wednesday, December 10, 2014
South Africa oil and gas exploration firm SacOil Holdings has joined forces with the governments of South Africa and Mozambique to study the possibility to construct a $6-billion gas pipeline between the two countries.
The company signed a joint development agreement with IGEPE and PIC on December 3. Under the JDA the three firms will evaluate the technical and commercial feasibility of a transnational terrestrial gas pipeline and distribution facility that will carry natural gas from Mozambique’s Rovuma fields into South Africa, with off-takes to other neighboring countries.
“The indicative gas requirements of, as well as benefits to, Mozambique and South Africa appear to justify such a pipeline,” SacOil said in a statement. SacOil, Mozambique’s state-owned firm IGEPE and South African government-owned pension fund Public Investment Corp.
" alt="Africa’s $824 Billion Debt Burden and Opaque Resource-Backed Loans Hinder its Potential">
" alt="African Refiners Ponder Threats to Energy Security for Africa as Transition Takes Center Stage">
" alt="Invictus Inks Gas Sales MOU to Deliver Power to Eureka Gold Mine">
" alt="Globeleq Acquires the 25 MWp Winnergy Solar PV Plant in Egypt">
" alt="Sintana Completes Well Testing at Mopane 1-X in Namibia">
" alt="Infill Drilling to Resume at the Ceiba Field in Equatorial Guinea">
" alt="Uganda National Oil Company Appoints New Executive">
" alt="World’s First Ammonia Dual-Fuel Aframaxes to be Developed by MISC">
