Sasol and partners sign the investment agreement for the development and implementation of a GTL project with the Government of Uzbekistan
Today South African energy and chemicals group, Sasol, together with partners Uzbekneftegaz and PETRONAS, signed an investment agreement with the Minister of Foreign Economic Relations, Investment and Trade for the Uzbekistan government, for the development and implementation of a Gas-to-liquids (GTL) project in Uzbekistan.
Under the investment agreement, the investors and the GTL project will enjoy investment protection and fiscal benefits, to ensure the successful implementation and operation of the GTL facility.
Sasol CEO, David Constable, met with the President of Uzbekistan, His Excellency, , prior to the signing ceremony and thanked the President and his government for their ongoing support of the project.
Commenting at the signing ceremony in Tashkent, Constable said the ability to harness the benefits of natural gas to make cleaner transport fuels is a key element of a lower emissions energy future.