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Sasol to Pay $1.03 Billion for Talisman Shale Stake

Sasol Ltd., the world’s largest maker of motor fuels from coal, will pay C$1.05 billion ($1.03 billion) for a stake in Talisman Energy Inc.’s Canadian shale-gas assets and may build a motor-fuels plant in the country.

The two agreed to study “the economic viability of a facility in western Canada to convert natural gas-to-liquid fuels,” Johannesburg-based Sasol said in a statement today. “This could provide a strategic alternative to traditional North American pipeline or liquefied natural gas marketing.”