State gas companies move to exercise pre-emptive rights over Moz-SA pipeline

The State-owned gas companies of South Africa and Mozambique have announced that they have exercised their pre-emptive rights to acquire, for R4.15-billion, the 30% equity stake in the Republic of Mozambique Pipeline (Rompco) hitherto owned by Sasol. The announcement follows on from Sasol’s May 14 announcement of a sale and purchase agreement (SPA) – subject to the pre-emptive rights held by Central Energy Fund subsidiary iGAS and Empresa Nacional de Hidrocarbonetos subsidiary Companhia Mocambiçana de Gasoduto (CMG) – with a Reatile-led consortium.