Sasol Limited – Early-stage investigation of potential GTL and
CTL projects in Algeria and USA
(Incorporated in South Africa)
(Registration number: 1979/003231/06)
ISIN Code: ZAE000006896
Share Code: SOL
NYSE Code: SSL
("Sasol")
Sasol update: Early-stage investigation of potential GTL and
CTL projects in Algeria and USA
South African oil, gas and petrochemical company Sasol today
announced that it is evaluating several new gas-to-liquids
(GTL) and coal-to-liquids (CTL) opportunities over and above
the ventures it is currently developing with partners in Qatar
and Nigeria. One of Sasol's strategic growth drivers is the
commercialisation of GTL & CTL.
One such opportunity is in Algeria. The Algerian Ministry of
Mines & Energy and Sonatrach, the Algerian national oil
company, are soliciting bids for a 34 000 barrel per day GTL
project at Arzew using potential gas reserves in the Tinrhert
area. Sasol Chevron, the joint venture between Sasol and
Chevron Corporation, headquartered in the USA, submitted a
non-binding technical proposal at the end of September 2005.
The Algerian authorities have set the middle of 2006 as the
date for commercial submissions.
Another opportunity is the USA. Recent changes to the USA’s
energy policy act resulted in renewed interest in CTL projects
in the US. Sasol is currently in the early stages of
evaluating several potential CTL ventures in the USA. Again,
these studies are in pre-feasibility stage and Sasol has taken
no decision whether or not to pursue any of these
opportunities.
11 October 2005
Johannesburg
Issued by sponsor: Deutsche Securities (SA) (Proprietary)
Limited