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Mozambique matters to an SA gas market heading into deficit
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iGAS, CMG exercise rights to up stakes in ROMPCO gas pipeline
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South Africa and Mozambique Increase Shareholding in ROMPCO Gas Pipeline
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The Rompco pipeline that transports natural gas from Mozambique to South Africa. Picture: File
The gas subsidiaries of South Africa and Mozambique’s state energy companies, which together with Sasol own a 865km gas pipeline running between the countries, are exercising their right to buy 30% of the petrochemical company’s stake in the project.
The move will leave the South African Gas Development Company (iGas), a subsidiary of the Central Energy Fund (CEF), and the Companhia Mocambiçana de Gasoduto (CMG), a subsidiary of the Empresa Nacional de Hidrocarbonetos (ENH), with a majority stake in the Republic of Mozambique Pipeline Company (Rompco). The 30% stake was valued at R4.1 billion.