Atlanta Black Star‎: Multi-Billion-Dollar Gas Pipeline In Development To Link South Africa With Mozambique

South African-based independent oil and gas company SACOIL Holdings is set to construct a 2,600 km long gas pipeline worth $6 billion. The pipeline will link the South African gas fields with that of Mozambique, fostering a growing regional integration.

“The project intends to harness the commercial potential of the natural gas reserves discovered in the Rovuma sedimentary basin in the Mozambican province of Cabo Delgado, and involves construction of a 2,600km pipeline costing an estimated $6 billion,”said SACOIL Holdings in a statement.

SACOIL Holdings said it has established a joint development agreement with Mozambican public institutions; National Institute for Management of State Holdings (Igepe) and South Africa’s Public Investment Corporation SOC Limited (PIC). They wil perform the technical and commercial feasibility study for the project.
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