South African Shale Gas Opportunities Advance

By mahlokoane percy ngwato

Stay Connected! Follow @AfricaBizReview and @MrNLon! Like our Facebook page.

The South African government will soon be issuing licences for shale gas exploration using fracking, President Jacob Zuma announced.

He said: "It is this government's hope that we will find practical opportunities to enhance the economic opportunities the shale gas sector has to present,"

America's Energy Information Administration (EIA) has estimated that South Africa could have shale gas reserves of around 485 trillion cubic feet.

Zuma said: "We continue to pursue the development of an energy mix as energy security is critical to economic growth and social development. We are also determined to see through much needed infrastructure development programmes at continental level which will integrate African economies.”

RELATED: Falcon Oil and Gas set to explore South African shale opportunities

Environmentalists have expressed strong opposition to the government's move to explore shale gas. The Treasure Karoo Action Group (TKAG) says global shale gas reserves have been over estimated. 

In order to address these concerns, the cabinet has established a taskforce to address concerns which include environmental impact on ecosystems, waste management and water.

SOURCE: [Global Post]

Read the August Issue of African Business Review. 


Featured Articles

SAP creates new EMEA region and announces new President

SAP has announced it has appointed a new President for a newly-created EMEA region, aiming to make the most of the opportunities of cloud and AI technology

How SAP is facilitating continuous business transformation

Technology giant SAP has expanded its portfolio with the acquisition of LeanIX, a leader in enterprise architecture management (EAM) software

Siemens and Microsoft: Driving cross-industry AI adoption

To help businesses achieve increased productivity, Siemens and Microsoft are deepening their partnership by showcasing the benefits of generative AI

Sustainability must become central to corporate strategy


The endless benefits of putting your people first

Leadership & Strategy

Working from anywhere: SAP uncovers secret life of employees

Human Capital