Sasol, a South African oil company with a strong presence in the energy sector, will invest €307 million in gas operations in Mozambique over the next three years. The funds will be allocated to the Temane project in Inhambane province, strengthening the country’s role in natural gas supply.
The announcement was made on Tuesday (31) by Mozambique’s ambassador to South Africa, Maria Gustava, during that country’s 6th Investment Conference. On that occasion, she highlighted the direct impact the investment will have on the national energy sector.
According to Maria Gustava, Sasol’s CEO, Simon Baloyi, announced that the company will “invest 307 million euros in operational activities over the next three years,” which is expected to directly benefit Mozambique.
“This means that the country will also benefit from this expansion, given that it has access to gas from Temane, in Inhambane province,” explained Maria Gustava, underscoring the strategic importance of the project.
The diplomat also noted that the investment will have a direct impact on energy operations related to natural gas. This expansion is expected to help increase production capacity and improve the utilization of existing resources.
Maria Gustava also noted that South African companies continue to expand their presence in Mozambique. As she explained, the main investments are concentrated in the energy and transportation sectors, which are considered essential for economic growth.
“We have the connection to the Port of Maputo via roads and railways, from which Mozambique will also benefit, as part of the investments announced in the transportation sector,” added Maria Gustava.
The ambassador further emphasized that Mozambique continues to establish itself as a strategic destination for foreign investment. In this context, she highlighted the country’s potential in the energy, mineral resources, transportation, and services sectors.
Data released by the company indicates that Sasol has already invested more than 4 billion euros in Mozambique over the past two decades. This level of investment reinforces the oil company’s presence in the domestic market.
“In Mozambique, we remain committed to growing our business and contributing to the country’s development, as we have consistently done over the past 20 years,” stated Sasol President Muriel Dube at the time.
She added that the oil company has been recognized as one of the three largest tax contributors in Mozambique over the past five years, a recognition that highlights the company’s role in supporting the national economy and the development of the energy sector.
Source: Lusa
