Integrated_Annual_Report_2026 - Flipbook - Page 58
INTRODUCTION
SASOL AT A
GLANCE
DRIVING SUSTAINABLE
VALUE CREATION
EXECUTING
STRATEGY
DELIVERING
BUSINESS VALUE
SUMMARISED FINANCIAL
PERFORMANCE
CORPORATE
GOVERNANCE
SUSTAINABILITY
REPORT
STRENGTHEN OUR FOUNDATION CONTINUED
GAS VALUE CHAIN PROGRESSION AND MARKET
CONTINUITY
Despite periodic upstream and
infrastructure disruptions during the
year, gas supply continuity to contracted
customers was maintained through
active system management and close
coordination across the value chain.
In Mozambique, the PSA and PPA
projects advanced key infrastructure and
production initiatives to sustain regional
gas supply capacity. FY26 production
was lower than the prior period, mainly
driven by the expected natural decline
in the PPA producing wells, but partially
offset by the increasing contribution
from the PSA as its production
ramped up.
The PSA project achieved important
operational milestones, with the
Integrated Processing Facility (IPF)
reaching beneficial operation in March
2026 following a revised execution
timeline. Schedule delays were
primarily driven by flooding in southern
Mozambique in Q3, timing of key
agreements and operational constraints.
ASSURANCE /
ADMINISTRATION
BUILDING CREDIBILITY
THROUGH PERFORMANCE
Southern Africa Energy and Chemicals continued
Sasol continued to progress its
integrated gas value chain strategy
during FY26, balancing current supply
stability from Mozambique with the
development of future gas supply
solutions for Southern Africa.
REMUNERATION
REPORT
RETAIL
Disciplined execution in a constrained market
The Central Térmica de Temane (CTT)
power plant, the primary off-taker of PSA
gas, is now expected to reach Beneficial
Operation in Q2 FY28.
Interim supply arrangements remain in
place to support continued gas delivery
into South Africa while the project
progresses towards completion.
As part of its broader gas transition
strategy, Sasol also advanced the
Methane Rich Gas (MRG) bridge
solution to help maintain market
continuity beyond 2028 while long-term
LNG import infrastructure is developed.
Sasol’s retail fuels business outperformed the market through disciplined execution in a constrained
and highly competitive environment. Performance was driven by a consistent focus on operational
fundamentals, including reliable supply and strong forecourt delivery.
The Sasol Rewards and Site Refresh programme, including the rollout of the Mark V site design,
delivered market leading site throughputs across the network. Sasol continued to lead the market in
customer experience at retail sites as winners of the 2025/2026 Ask Afrika Orange Index award,
reinforcing the strength of our customer focused proposition and consistently high operating standards.
Importantly, this performance reflects a structural improvement in how the network is managed and
invested in, rather than short-term market effects. A disciplined approach to site-level profitability,
combined with selective, high-return growth, has supported resilient margins, improved returns and
continued market share gains despite subdued market conditions.
This execution discipline underpins the resilience
and long-term value of Sasol’s mobility network.
The MRG solution from SO has been
technically proven and commercially
structured as a temporary bridging
mechanism to sustain supply to external
customers during the transition period.
During the year, Sasol engaged industrial
gas customers, prepared the system for
implementation and initiated the required
regulatory processes to enable thirdparty supply. Together, these initiatives
support continued customer supply,
industrial activity, and the longer-term
sustainability of the regional gas market
as the transition towards LNG supply
infrastructure progresses.
Mozambique remains a key enabler of
the Southern Africa integrated value
chain.
BOOSTING CLEAN FUELS II (CF II) DELIVERY
FY26 delivered CF II at Secunda Operations, with the flow scheme commissioned to meet evolving
fuel quality specifications through optimisation of existing assets. By year-end, all remaining scope was
completed, enabling sustained production of CF II-compliant petrol and diesel under normal operating
conditions.
SASOL INTEGRATED REPORT 2026
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