Fuel and petrochemicals company Sasol has been awarded two new licences for gas exploration in Mozambique. Mozambique has become a hotbed of investor activity after one of the largest gas finds in the world’s recent history located offshore in the Rovuma basin, near the Tanzanian border. According to Deloitte, the country has attracted 23 foreign direct investment projects since 2010 and $12.5bn in capital. Sasol now has the go-ahead to explore an onshore area of more than 3,000km² in southern Mozambique, and is also part of a successful bid to explore an area of 5,145km² further north in the offshore Angoche Basin. Sasol holds an interest of 70% in the first block and 25.5% in the second. Sasol’s executive vice-president for upstream, Jon Harris, said on the sidelfines of the Africa Oil Week conference, that the company was particularly excited about the block in southern Mozambique because it was adjacent to Sasol’s gas-producing Pande and Temane fields. “We know there is a hydroc...

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