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Sasol Ltd (SOLJ.J)

SOLJ.J on Johannesburg Stock Exchange

44,300.00ZAc
26 Apr 2018
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Thu, Nov 23 2017

Sasol dumps $13-$15 billion U.S. project, to exit Canadian shale

JOHANNESBURG South Africa's Sasol is pulling out of all of its gas-to-liquids (GTL) greenfield projects including one in Louisiana project expected to cost $13 billion to $15 billion, the company said on Thursday.

UPDATE 1-Sasol dumps $13-$15 bln U.S. project, to exit Canadian shale

* Company plans to divest from Canadian shale assets (Adds increased credit facility)

Sasol pulls plug on $13-$15 bln US GTL project, to divest from Canadian shale

JOHANNESBURG, Nov 23 South African petrol-chemicals group Sasol has pulled the plug on all of its gas-to-liquids (GTL) greenfields projects including a U.S. one in Louisiana that carried a $13 billion to $15 billion price tag, the company said on Thursday.

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