DoE Gas

Uncertainty around commercial prospects of Karoo shale gas predicates necessity for exploratory fracking

Government’s inter-Ministerial hydraulic fracturing (fracking) monitoring committee is still working on fine-tuning regulations for a draft report on the governing of fracking in the Karoo basin, which potentially holds 390-trillion cubic feet (tcf) of technically recoverable shale gas resources, according to the latest US Energy Information Administration (EIA) study.

Originally planned for completion in July, the draft report aims to strengthen fracking regulations to ensure that environmental concerns are given due diligence. Once published, the report will be open for further public consultation, which is likely to be concluded before the end of the 2013/14 financial year.

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