Sasol to Sell South African Gas Pipe: Report

South African state-owned firm Sasol is collecting binding offers for its 50% stake in a pipeline that supplies South Africa with gas from Mozambique, Bloomberg reported on June 29 citing sources.

The bidding phase for the 865-km Rompco gas pipeline, which carries gas from Mozambique's onshore fields in Pande and Temane, will conclude in late July, according to Bloomberg. The deal will help Sasol clear some of its debts. The remaining 50% share of the pipeline is split equally between the South African and Mozambican governments. 

South Africa's reliance on gas imports is expected to become greater as domestic supply continues to dwindle. Its major gas field, Brulpadda, was found by the French major Total in February 2019 but it is awaiting development.