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    Reuters‎: South Africa's SacOil considers $6 billion gas pipeline

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Summary

SacOil Holdings has teamed up with the South African and Mozambican governments to study a possible $6 billion gas pipeline between the two countries

by: Sruthi

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Press Notes, Africa

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Reuters‎: South Africa's SacOil considers $6 billion gas pipeline

Oil and gas explorer SacOil Holdings has teamed up with the South African and Mozambican governments to study a possible $6 billion gas pipeline between the two countries, it said on Monday.

If viable, the pipeline and the distribution facility will carry natural gas from Mozambique into South Africa, as well as other southern African countries.

South Africa, whose coal-fired power plants are not environmentally friendly, is the nearest big outlet for Mozambique's vast natural gas reserves.
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