by Rowan Goeller | Sep 21, 2020 | Chemicals
Gas running out: Sasol has not been able to add to its gas reserves in Mozambique and the remaining reserve life is seven years. Gas production should start declining in 2024 as pressure in the wells drop.The importance of gas: Gas is used as...
by Rowan Goeller | Sep 18, 2020 | Chemicals
Sasol’s spot earnings increased this week as oil prices recovered and petrol cracks in particular increases significantly. Diesel cracks remain negative, however. FY21 spot earnings are at R5.86/share while we expect a loss of R2.92/share at the LCCP at...
by Rowan Goeller | Sep 11, 2020 | Chemicals
Sasol’s spot earnings continue to decline and FY21 spot earnings is at R3.23/share. Oil prices declined by almost 8% this week and refining margins remain particularly weak. Diesel crack spreads turned negative this week while petrol cracks are at...
by Rowan Goeller | Sep 10, 2020 | Chemicals
Fuel taxes and duties: Government imposes a levy as well as an excise duty on liquid fuel sales in South Africa. Fuel levies have been adjusted each year, but the excise levy has been constant for many years. Government revenues from these...
by Rowan Goeller | Sep 3, 2020 | Chemicals
Sasol’s spot earnings continue to decline are oil prices and refining margins decline. Diesel cracks in particular are sharply lower this week. FY21 spot earnings are at R4.19/share. At spot prices the LCCP loses around R4.01/share.Refining margins...
by Rowan Goeller | Sep 3, 2020 | Chemicals
Monopoly gas supplier: Sasol is the main supplier of natural gas in the South African market and sells natural gas produced at the Mozambican gas fields, as well as methane rich gas produced at the Synfuels facility to customers in South Africa and Mozambique.New...
