iGas, CMG Acquire 30% Interest in ROMPCO Pipeline

According to Central Energy Fund Group CEO, Ishmael Poolo, “The transaction will pave the way for the group to lead energy security and a just transition program for South Africa.”

The acquisition comes at a time when South Africa’s power utility, Eskom, has introduced stage six load shedding, driven by coal-fired power plant disruptions. Through the pipeline, South Africa will be able to continue importing much-needed gas, strengthening capacity and stabilizing the grid. 

The transaction marks the completion of Sasol’s divestment program, first announced in March 2020, with the company remaining the operator of the pipeline.

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Keletso Moilwe

Keletso Moilwe

Keletso Moilwe is a Content Intern at Energy Capital & Power. She holds an Honours Degree is Geography and Environmental studies and is currently pursuing her Masters Degree at the University of Cape Town.