MOSSEL BAY NEWS - PetroSA, one of the world's largest gas-to-liquid refineries, in Mossel Bay, is reportedly set to run out of natural gas by December 2020, placing about 1 500 local jobs at risk. Reuters recently reported that PetroSA is operating well below its 36 000 barrels per day.

This follows a roughly R15 billion offshore drilling campaign in the area that was also halted because it didn't deliver replacement reserves. 

Network24 recently reported that in a presentation to the National Assembly, the cash-strapped PetroSA said it would cost R9.8 billion to close the facility, of which it only has R2.4 billion available. A closure would effectively bring the Mossel Bay economy to a standstill.

However, state-owned PetroSA reportedly has several initiatives planned to keep the plant's doors open. 

PetroSA did not respond to enquiries about the report by the time of going to print.

'We bring you the latest Mossel Bay, Garden Route news'