Sasol, ENH and Eni Announce Pre-Feasibility Study for Large-Scale Gas-to-Liquids Facility in Mozambique

AsiaNet 57276

JOHANNESBURG, July 4/PRN=KYODO JBN/ --

    Today, Sasol Limited (Sasol) announced a joint pre-feasibility study for a

large-scale gas-to-liquids (GTL) plant, which will be based on gas from the

Rovuma Basin in Northern Mozambique. The study, which is being conducted in

conjunction with Mozambique's national oil company, Empresa Nacional de

Hidrocarbonetos (ENH) and Italian multinational, Eni, will assess the viability

and benefits of such a plant to the region.

    The announcement comes as Sasol celebrates a decade of gas infrastructure

development and value-add in Mozambique, which, in turn, has contributed to the

country and the region's economic growth and advancement. Sasol's in-country

experience, an extensive market distribution footprint in the region and proven

GTL expertise, place the company in a strong position to develop the country's

first GTL facility, depending on the results of the study.

    Eni is operator of the block called Area 4 in the deep waters of the Rovuma

Basin, which is estimated to hold up to 85 trillion cubic feet of gas.

    "The proposed GTL facility firmly aligns with Mozambique's Gas Master Plan

goals, and, if successful, will go some way to accelerate socio-economic

development in the country and the broader region. Our GTL aspirations

highlight our commitment to partnering with the Mozambican government and Eni

in the responsible development of the country's natural resources," said David

Constable, Chief Executive Officer, Sasol Limited.

    Forward-looking statements: Sasol may, in this document, make certain

statements that are not historical facts and relate to analyses and other

information which are based on forecasts of future results and estimates of

amounts not yet determinable. These statements may also relate to our future

prospects, developments and business strategies. Examples of such

forward-looking statements include, but are not limited to, statements

regarding exchange rate fluctuations, volume growth, increases in market share,

total shareholder return and cost reductions. Words such as "believe",

"anticipate", "expect", "intend", "seek", "will", "plan", "could", "may",

"endeavour" and "project" and similar expressions are intended to identify such

forward-looking statements, but are not the exclusive means of identifying such

statements. By their very nature, forward-looking statements involve inherent

risks and uncertainties, both general and specific, and there are risks that

the predictions, forecasts, projections and other forward-looking statements

will not be achieved. If one or more of these risks materialise, or should

underlying assumptions prove incorrect, our actual results may differ

materially from those anticipated. You should understand that a number of

important factors could cause actual results to differ materially from the

plans, objectives, expectations, estimates and intentions expressed in such

forward-looking statements. These factors are discussed more fully in our most

recent annual report under the Securities Exchange Act of 1934 on Form 20-F

filed on 9 October 2013 and in other filings with the United States Securities

and Exchange Commission. The list of factors discussed therein is not

exhaustive; when relying on forward-looking statements to make investment

decisions, you should carefully consider both these factors and other

uncertainties and events. Forward-looking statements apply only as of the date

on which they are made, and we do not undertake any obligation to update or

revise any of them, whether as a result of new information, future events or

otherwise.

    About Sasol:

    Committed to excellence in all we do, Sasol is an international integrated

energy and chemical company that leverages the talent and expertise of our more

than 34 000 people working in 37 countries. We develop and commercialise

technologies, and build and operate world-scale facilities to produce a range

of product streams, including liquid fuels, high-value chemicals and low-carbon

electricity.

    While remaining committed to our home-base of South Africa, Sasol is

expanding internationally based on a unique value proposition.

    Issued by:

    Alex Anderson, Group Media Manager

    Direct telephone +27(11)441-3295; Mobile +27(0)71-600-9605;

    alex.anderson@sasol.com

    Jacqui O'Sullivan, GM: Group Communication

    Direct telephone +27(11)441-3252; Mobile +27(0)82-883-9697;

    jacqui.osullivan@sasol.com

    SOURCE: Sasol