May 21, 2024
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OIL & GAS

South Africa’s PetroSA Targets Mozambique Gas in New Sales Deal

South Africa’s PetroSA expects the commencement of gas imports from Mozambique’s ENH later this year, aiming to mitigate potential supply shortages.

Having secured a gas trading license in March, PetroSA swiftly finalized a deal for an initial annual supply of 2 petajoules (PJ) of gas, with plans for expansion up to 200 PJ in the future.

This supply is crucial for various industrial users, including major steelmaker ArcelorMittal, as South African firm Sasol, their primary supplier, plans significant restrictions due to depleting Mozambican gas fields.

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PetroSA seeks to establish a joint venture (JV) with ENH to cater to South Africa’s energy needs and replicate the model in Mossel Bay, leveraging gas reserves discovered by TotalEnergies.

Sesakho Magadla, PetroSA’s Chief Operating Officer, outlined plans for multiple JVs at Mossel Bay, emphasizing PetroSA Gas Trading’s role as the primary trading entity.

The ENH agreement involves gas imports via the ROMPCO pipeline, supplying users through Sasol’s network in South Africa.

Negotiations are ongoing for gas transportation agreements with Sasol and ROMPCO, with discussions also underway for expanding PetroSA’s gas distribution network.

Sasol confirmed negotiations regarding access to pipeline capacity, emphasizing ongoing technical studies to facilitate gas transportation to various locations.

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