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South Africa, Mozambique Study $6 Billion Gas Pipeline

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South African and Mozambican state-owned investment companies have joined with SacOil Holding Ltd. to study a $6 billion pipeline from a natural-gas field off the northern coast of Mozambique.

They will evaluate the technical and commercial feasibility of developing a 2,600-kilometer (1,616 miles) pipeline to supply the region, the Public Investment Corp., the Instituto de Gestao das Participacoes do Estado and Johannesburg-based SacOil said in a joint statement today.