Sasol launches $5m CNG fund with Mozambique’s National Investment Bank (BNI)

To support gas monetization in Mozambique, Sasol has signed today an agreement with the country’s National Investment Bank (BNI) and the Ministry of Mineral Resources and Energy to set up a $5m fund for the development and expansion of compressed natural gas (CNG) projects.

The fund will be financed by Sasol and managed by BNI and open to any individuals or SMEs seeking to convert to gas.

“The CNG Credit Line offers special conditions for those interested in converting their vehicles to natural gas, and for retailers wishing to equip their fuel stations with CNG refuelling units,” Sasol said.

Sasol is notably expecting the credit line to benefit public transport operators seeking to decrease their reliance on diesel at a time when soaring global prices put pressure on net importers like Mozambique.

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AG&P delivers world’s first modular FSRU in Senegal

GAS Entec, a subsidiary of Singapore-based Atlantic Gulf & Pacific International (AG&P) has completed the conversion of a 125,000 m3 LNG carrier for KARMOL, the joint-venture of Turkey’s Karpowership and Japan’s Mitsui OSK Lines. The converted 84 MMscf/d modular floating storage and regasification unit (M-FSRU) is a first in the world and will be delivering […]

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