{"id":22105,"date":"2022-06-30T16:16:55","date_gmt":"2022-06-30T16:16:55","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/cmg-and-igas-complete-purchase-of-30-of-sasols-rompco-stake"},"modified":"2022-06-30T16:23:53","modified_gmt":"2022-06-30T16:23:53","slug":"cmg-and-igas-complete-purchase-of-30-of-sasols-rompco-stake","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/cmg-and-igas-complete-purchase-of-30-of-sasols-rompco-stake","title":{"rendered":"CMG and iGAS complete purchase of 30% of Sasol\u2019s ROMPCO stake"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>The Companhia Mo\u00e7ambicana de Gasoduto (CMG), a subsidiary of Empresa Nacional de Hidrocarbonetos (ENH), and the South African Gas Development Company (iGAS), a company linked to the Central Energy Fund (CEF), announced yesterday the completion of the acquisition of 30% of Sasol\u2019s share in ROMPCO (Companhia de Investimento de Gasoduto (Pty) Ltd of the Republic of Mozambique), as part of the exercise of its pre-emptive rights.<\/p>\n

The transaction makes CMG and iGAS the majority shareholders in ROMPCO, as their stake will increase from 25% to 40%, with Sasol holding a minority 20% stake.<\/p>\n

Prior to this transaction, ROMPCO, which owns the 865-kilometre gas pipeline from Mozambique to South Africa, was 50% owned by Sasol South Africa, with CMG and iGAS both holding 25%.<\/p>\n

Reacting to the successful completion of this transaction, ENH\u2019s Chairman of the Board of Directors, Estev\u00e3o Pale, said that \u201cthe financial close symbolises the commitment of the Government of Mozambique to the long-term marketing of natural gas between South Africa and Mozambique, and also the role that natural gas plays in the country\u2019s energy transition in the country and in the region\u201d.<\/p>\n

\u201cThis achievement is the result of long-term public-private involvement and cooperation,\u201d Pale added.<\/p>\n

In turn, CEF Group executive director Ishmael Poolo said: \u201cWe are very pleased to have reached a financial closing of the acquisition of these shares.\u201d<\/p>\n

He added that the robust approach to acquiring these shares was \u201cin line with our newly adopted strategy to be a strategic investor in the energy value chain, focused on meeting the energy needs of the region\u201d.<\/p>\n

Poolo noted that this transaction would pave the way for the group to spearhead energy security and a just energy transition program for South Africa.<\/p>\n

CEF president Ayanda Noah said: \u201cThe acquisition of these shares also heralds a new era in the promotion of partnerships aimed at regional integrated energy development, critical for socio-economic development in both countries.\u201d<\/p>\n

For More News And Analysis About Mozambique<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. The Companhia Mo\u00e7ambicana de Gasoduto (CMG), a subsidiary of Empresa Nacional de Hidrocarbonetos (ENH), and the South African Gas Development Company (iGAS), a company linked to the Central Energy Fund (CEF), announced yesterday the completion of the acquisition of 30% of Sasol\u2019s share in ROMPCO (Companhia de Investimento de Gasoduto (Pty) Ltd […]<\/p>\n","protected":false},"author":84,"featured_media":22104,"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-22105","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":"\nCMG and iGAS complete purchase of 30% of Sasol\u2019s ROMPCO stake - Mozambique<\/title>\n<meta name=\"description\" content=\"The Companhia Mo\u00e7ambicana de Gasoduto (CMG), a subsidiary of Empresa Nacional de Hidrocarbonetos (ENH), and the South Af ...\" \/>\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\/cmg-and-igas-complete-purchase-of-30-of-sasols-rompco-stake\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CMG and iGAS complete purchase of 30% of Sasol\u2019s ROMPCO stake\" \/>\n<meta property=\"og:description\" content=\"The Companhia Mo\u00e7ambicana de Gasoduto (CMG), a subsidiary of Empresa Nacional de Hidrocarbonetos (ENH), and the South Af ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/cmg-and-igas-complete-purchase-of-30-of-sasols-rompco-stake\" \/>\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=\"2022-06-30T16:16:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-06-30T16:23:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/06\/img-62bdcddfa3088.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"768\" \/>\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=\"2 minutes\" \/>\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\/cmg-and-igas-complete-purchase-of-30-of-sasols-rompco-stake#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/cmg-and-igas-complete-purchase-of-30-of-sasols-rompco-stake\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"CMG and iGAS complete purchase of 30% of Sasol\u2019s ROMPCO stake\",\"datePublished\":\"2022-06-30T16:16:55+00:00\",\"dateModified\":\"2022-06-30T16:23:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/cmg-and-igas-complete-purchase-of-30-of-sasols-rompco-stake\"},\"wordCount\":340,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/cmg-and-igas-complete-purchase-of-30-of-sasols-rompco-stake#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/06\/img-62bdcddfa3088.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\/cmg-and-igas-complete-purchase-of-30-of-sasols-rompco-stake#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/cmg-and-igas-complete-purchase-of-30-of-sasols-rompco-stake\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/cmg-and-igas-complete-purchase-of-30-of-sasols-rompco-stake\",\"name\":\"CMG and iGAS complete purchase of 30% of Sasol\u2019s ROMPCO stake - 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