Rising gas demand in the EU countries, which have been imposing sanctions on their main provider, Russia, on the back of the Ukraine war, has ... prompted Egypt on the other side of the Mediterranean to boost its LNG exports. Yet, its high domestic consumption and possibly insufficient infrastructure remain stumbling blocks.
On 23 August 2022, the global chemicals and energy company headquartered in Sandton, South Africa, published its annual results for the year ended 30 June 2022, reporting net debt of $3.8bn for the period.
At its Capital Markets Day (CMD) held in September 2021, Sasol said key triggers for the reinstatement of the dividend included a net debt-to-EBITDA – earnings before interest, tax, depreciation, and amortisation – ratio of less than 1.5 times and net debt below $5bn. “As at 30 June 2022, the dividend triggers outlined at CMD were achieved.”