South Africa and Mozambique pre-empt pipeline stake sale
The African neighbours plan greater gas supply cooperation
The Rompco gas pipeline linking Mozambique and South Africa will remain fully owned by state-backed companies, after existing investors pre-empted the sale of an equity stake. South Africa’s Sasol completed a SPA last May for a 30pc equity interest in the Rompco pipeline to “an acquisition vehicle” owned by a consortium of South African energy investment company the Reatile Group and the Ideas Fund, which is managed by African Infrastructure Investment Managers (AIIM). AIIM was formed by South African financial services group Old Mutual and Australia’s Macquarie. But now South Africa’s iGas—a subsidiary of the state-owned Central Energy Fund (CEF)—and Companhia Mocambicana de Gasoduto (CMG)—
Also in this section
23 April 2024
Cheaper Russian barrels and lower overall crude prices have helped cut key oil consumer’s import bills in election year
22 April 2024
Pursuing three different goals as part of the same package may mean achieving none of them
22 April 2024
Beijing’s renewed targeting of NOC management could threaten investment
19 April 2024
Cairo’s currency problems have hindered investment, but Pharos sees considerable potential as Egypt emerges from crisis