Sasol Secures Major LNG Concession in Mozambique

South African energy firm Sasol has been granted a significant 30-year concession by Mozambique to construct and operate LNG facilities. This strategic agreement includes rights to the 865-kilometer Rompco pipeline, in which Sasol maintains a 20 percent ownership stake. The deal substantially strengthens the company’s position within the southern African gas market at a pivotal moment.

Sasol reported a notable turnaround for fiscal year 2025, posting a net profit of 6.8 billion rand after having recorded a loss the previous year. The company’s shares demonstrated strong performance, appreciating by 39 percent through the end of August and trading at 113.73 rand. This positive momentum occurs as the company makes significant strategic moves in its Read more...