Agreement Signed On Cabo Delgado-Gauteng Pipeline
London — The South African company SacOil Holdings on Tuesday announced that an agreement has been signed in Johannesburg which paves the way for the construction of a 2,600 kilometre gas pipeline from the Rovuma Basin in northern Mozambique to Gauteng province in South Africa.
To be known as the African Renaissance gas pipeline, it will also deliver gas to Mozambican towns along the pipeline's route.
The agreement was signed by Mozambique's National Hydrocarbon Company (ENH), SacOil, Profin Consulting, and the China Petroleum Pipeline Bureau (CPP). Profin is described as a Mozambican private sector consortium, while CPP, according to a SacOil release, is “a leading Chinese and international pipeline construction company that will bring a wealth of technical expertise to the pipeline project”.
According to SacOil's chief executive officer, Thabo Kgogo, the agreement “confirms the financing commitments required for the pre-investment and engineering studies phases of the project, and paves the way for its speedy and effective construction and implementation”.