Sasol signs LNG term sheet as it prepares for R20bn-plus coal-to-gas switch at Secunda

Energy and chemicals group Sasol has approved development funds for the first phase of a project that is designed to increase the Secunda complex’s ability to use gas instead of coal to produce fuel and chemicals. The fuel switch is central to Sasol’s initial commitment to reducing its greenhouse gas emissions by 30% by 2030, even though the company acknowledges that gas can only be used as a “transition fuel” if it is to meet its longer-term target of being net-zero by 2050.