iGAS Energy and CMG exercise rights to up stake in Mozambique pipeline company ROMPCO

MOZAMBIQUE – Onshore oil and gas exploration iGAS Energy Plc. in partnership with Companhia Mocambiçana de Gasoduto (CMG) declared that they have exercised their pre-emptive rights to acquire a 30% equity stake in the Republic of Mozambique Pipeline Company (ROMPCO) pipeline valued at US$293 million. ROMPCO is a joint venture between Sasol South Africa (50%), CMG (25%) and South African Gas Development Company (SOC) Limited (iGAS) (25%). The joint venture owns the 865-kilometre gas transmission pipeline from Mozambique to South Africa.  This decision is the culmination of a public statement issued by…

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