{"id":22096,"date":"2022-06-30T16:15:49","date_gmt":"2022-06-30T16:15:49","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/sasol-completes-sale-of-stake-in-rompco-pipeline"},"modified":"2022-06-30T16:20:30","modified_gmt":"2022-06-30T16:20:30","slug":"sasol-completes-sale-of-stake-in-rompco-pipeline","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/sasol-completes-sale-of-stake-in-rompco-pipeline","title":{"rendered":"Sasol completes sale of stake in Rompco pipeline"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Mozambique. <\/strong><\/span>Chemicals and energy group Sasol has completed the sale of a stake in the Republic of Mozambique Pipeline Company (Rompco) pipeline, which transports gas from Mozambique to SA.<\/p>\n<p>As part of the deal, shares were sold for an initial amount of R4.1bn, subject to certain adjustments, and a deferred payment will be made of up to R1bn, payable if certain agreed milestones are achieved by end-June 2024, the company said in a statement on Wednesday.<\/p>\n<p>The 865km pipeline stretches from Sasol\u2019s Pande and Temane offshore gas fields in southern Mozambique and over the border to deliver the natural gas to Sasol\u2019s operations in Secunda. Other transmission pipelines go on to deliver the same gas to a number of industrial users in SA such as Consol and ArcelorMittal SA.<\/p>\n<p>In June 2021, SA and Mozambique exercised their pre-emptive rights to increase stakes in the Rompco pipeline.<\/p>\n<p>The state-owned Gas Development Company (iGas) and Mozambique\u2019s Companhia Mocambicana de Gasoduto (CMG) acquired a 30% share of the line.<\/p>\n<p>Sasol will still hold a 20% stake in the pipeline and access to the critical natural gas supply. It will continue to operate and maintain the pipeline in terms of the commercial agreement between Sasol and Rompco, independent of the transaction, the group said.<\/p>\n<p>Sasol also said its agreements with Rompco to transport gas to Secunda are unaffected by the deal and \u201cthe tariffs remain as per the said agreements, which were approved by the National Energy Regulator of SA\u201d.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/mozambique\">Mozambique<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Mozambique. Chemicals and energy group Sasol has completed the sale of a stake in the Republic of Mozambique Pipeline Company (Rompco) pipeline, which transports gas from Mozambique to SA. As part of the deal, shares were sold for an initial amount of R4.1bn, subject to certain adjustments, and a deferred payment will be [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":22095,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[233,281,283],"class_list":["post-22096","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Sasol completes sale of stake in Rompco pipeline - Mozambique<\/title>\n<meta name=\"description\" content=\"Chemicals and energy group Sasol has completed the sale of a stake in the Republic of Mozambique Pipeline Company (Rompc ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/sasol-completes-sale-of-stake-in-rompco-pipeline\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sasol completes sale of stake in Rompco pipeline\" \/>\n<meta property=\"og:description\" content=\"Chemicals and energy group Sasol has completed the sale of a stake in the Republic of Mozambique Pipeline Company (Rompc ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/sasol-completes-sale-of-stake-in-rompco-pipeline\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-30T16:15:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-06-30T16:20:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/06\/img-62bdcd33ec391.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"740\" \/>\n\t<meta property=\"og:image:height\" content=\"520\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/sasol-completes-sale-of-stake-in-rompco-pipeline#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/sasol-completes-sale-of-stake-in-rompco-pipeline\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Sasol completes sale of stake in Rompco pipeline\",\"datePublished\":\"2022-06-30T16:15:49+00:00\",\"dateModified\":\"2022-06-30T16:20:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/sasol-completes-sale-of-stake-in-rompco-pipeline\"},\"wordCount\":266,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/sasol-completes-sale-of-stake-in-rompco-pipeline#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/06\/img-62bdcd33ec391.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/sasol-completes-sale-of-stake-in-rompco-pipeline#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/sasol-completes-sale-of-stake-in-rompco-pipeline\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/sasol-completes-sale-of-stake-in-rompco-pipeline\",\"name\":\"Sasol completes sale of stake in Rompco pipeline - 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