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South Africa’s Sasol says Mozambique gas project unaffected by debt crisis
3:56 CAT | 30 May 2016
In File Club of Mozambique
Mozambique’s debt crisis will not impact Sasol’s $1.4 billion gas project because costs will be covered by the South African energy company and recouped through gas revenues, the firm said on Monday.
Mozambique has admitted to at least $1.35 billion of secret government borrowing in recent weeks, plunging one of the world’s poorest countries into a foreign debt crisis.
Sasol drilled its first well in its new oil and gas field in Mozambique last week.
Source: Reuters
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