![RUNNING ON EMPTY](https://cisp.cachefly.net/assets/articles/images/resized/0000683569_resized_etoon131017.jpg)
Besides making ongoing losses, PetroSA is also facing an existential crisis, as its gas resources dwindle. Diminishing gas feedstock from its offshore wells means that the Mossel Bay gas-to-liquids plant is now processing condensate as an alternative – a far-from-ideal feedstock. The State-owned company reported a net loss of R1.4-billion during the 2016/17 financial year.