PR91513

JOHANNESBURG, Sept. 7, 2021 /PRNewswiret=KYODO JBN/--

Sasol and the Central Energy Fund (CEF) have signed a memorandum of

understanding (MOU) to collaborate on accelerating the development of gas

solutions in South Africa. This agreement brings together South Africa's two

leading pioneers of the gas industry that possess deep experience in operating

across the gas value chain, from exploration to downstream operations.

"At the core of achieving our strategic mandate of ensuring security of supply

is domestic job creation and an approach to the just energy transition that

fosters increasing domestic value addition. In this regard, gas remains a

critical component in our country's just energy transition journey, and our

continued collaboration with Sasol in unlocking growth in the gas space remains

critical for us in contributing to the achievement of an optimal energy mix,"

said Dr Ishmael Poolo, Group Chief Executive of CEF.

Sasol Executive Vice President: Energy Business, Priscillah Mabelane, said that

Sasol believes that strategic partnerships and collaboration are necessary to

shape a sustainable energy sector, as South Africa considers pathways to enable

a just energy transition.

"Sasol has had a long-standing relationship with CEF through our

well-established partnership in the Republic of Mozambique Pipeline Company

(ROMPCO) pipeline and looks forward to commencing this next stage of growth in

gas together," added Mabelane.

Gas is a significant contributor to South Africa's energy mix and its

importance is expected to grow. Key focus areas will include future gas supply

options, as well as enabling infrastructure critical to sustain and grow the

gas market. Both companies will explore developing multiple low-cost gas import

locations around the country.

"Gas is instrumental in enabling a just energy transition in South Africa and

requires immediate attention to introduce additional supply to South Africa.

Currently, the country's gas supply comes from the Pande-Temane gas fields in

Mozambique, which will need to be supplemented in the long term, as these

reserves begin to mature," said Mabelane.

Preliminary global benchmark case studies indicate that countries experiencing

growth in demand for gas have opted for increasing the number of import

locations to serve regional markets via pipeline. A successful example is

India, which currently has six liquefied natural gas (LNG) terminals in

operation, with another four currently under development to become operational

by 2023. This approach has significant potential for socio-economic development

around these import locations.

Both Sasol and CEF have dedicated resources, overseen by a senior level

steering committee, to collaborate in exploring options to develop and expand

the Southern African natural gas market.

Issued by:

Matebello Motloung, Manager: Group Media Relations

Direct telephone: +27 (0) 10 344 9256; Mobile: +27 (0) 82 773 9457

matebello.motloung@sasol.com

Alex Anderson, Senior Manager: Group External Communication

Direct telephone: +27 (0) 10 344 6509; Mobile: +27 (0) 71 600 9605

alex.anderson@sasol.com

About Sasol:

Sasol is a global integrated chemicals and energy company. We harness our

knowledge and experience to integrate sophisticated technologies and process

into our world-scale operating facilities. We safely and sustainably source,

produce and market a range of high-value product streams in 30 countries,

creating superior value for our customers, shareholders and other stakeholders.

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Source:  Sasol Limited