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Sasol says Mozambique gas project unaffected by debt crisis

Sasol drilled its first well in its new oil and gas field in Mozambique last week.

Picture: AFP.

TEMANE, - 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.

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