Gas

Shale gas exploration could be authorised before elections

Government could authorise shale gas exploration before next year’s elections, Trade and Industry Minister Rob Davies said.

“We want to move before the end of this administration,” Davies said at a briefing on Thursday, following Cabinet’s fortnightly meeting.

“We need to advance the work on taking a decision on shale gas exploration.”

Davies said Cabinet believed shale gas could be a vital component in South Africa’s quest for energy security, but at this stage the potential extent of local reserves remained unknown.

“Mossgas has a resource of about one trillion cubic metres of gas. The gas fields of Mozambique which have just opened have about a hundred trillion cubic metres of gas, and the shale gas deposit — some of the estimates would suggest that it is multiples of the Mozambican,” he said. Read on TimesLIVE >

Add Comment

Click here to post a comment

Leave a Reply

WP Twitter Auto Publish Powered By : XYZScripts.com