Sasol Gas faces prosecution for selling natural gas to customers at prices marked up by up to 72%.

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GUEST - Siyabulela Makunga – Competition Commission spokesperson The Competition

Commission has referred a complaint against Sasol Gas to the Competition Tribunal for excessive pricing of natural piped gas in contravention of section 8(1)(a) of the Competition Act. The commission said it found that Sasol Gas extracted mark-ups of up to 72%.

The excessive pricing has continued for almost a decade and is ongoing, it said. “Natural gas is used as an alternative source of energy to electricity and is used by industrial, commercial, and domestic customers. “Sasol Gas is the only supplier of natural piped gas in South Africa and supplies gas to gas traders and end-users in the country through a network of transmission and distribution pipelines,” the commission said.

Sasol Gas sources natural gas from the Pande and Temane gas fields in Mozambique through an 865km long pipeline that transports the gas from Mozambique to Secunda. Publicly available information indicates that the Pande and Temane gas fields in Mozambique are likely to start declining in 2025 and are likely to be depleted between 2029 and 2030.
11 Jul 2023 4PM English South Africa Business News · Investing

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