Gasol, Sonagas Partner for a New JV

Monday, April 6, 2009

Release

Gasol in Joint Venture with SONAGAS

Gasol plc is pleased to announce that the Company is now in a direct joint venture agreement ("JVA") with Sociedad Nacional de Gas, GE ("SONAGAS"), the national gas company of Equatorial Guinea, after African Gas Development Corporation Limited ("AFGAS") assigned its rights and obligations under the JVA to Gasol as per the disclosure in the Company’s June 2008 Admission Document.

Enquiries

Gasol plc                                  

Tel: 020 7290 3300                    Soumo Bose, Chief Executive Officer       

Caroline Houry, Investor Relations

Pelham PR

Tel: 020 7743 6670                    Alex Walters

                                                Francesca Tuckett

Jefferies International Limited                                                                            

Tel: 020 7029 8000                    Jack Pryde

                                                Oliver Griffiths

 About Gasol

Gasol’s strategy is to identify and develop commercially attractive opportunities in the gas sector, with initial focus on liquefied natural gas (LNG), sourced from Africa’s Gulf of Guinea region.  

Through the creation of a substantial value chain via a series of partnerships involving gas gathering, liquefaction and the shipment and regasification of LNG into high-value markets worldwide, Gasol aims to become the premier Africa-focused gas independent.

Gasol works in partnership with governments, energy majors, utilities and independents in Africa, the USA and Europe. Gasol is Afren’s exclusive downstream liquefaction partner in developing an LNG monetisation strategy.

Further information is available from the Company’s website: www.gasolplc.com

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