Petroleum Africa
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Friday, October 11, 2013
South Africa’s cabinet proposed new regulations to govern exploration for shale gas on October 10. The new regulations could aid in boosting the shale gas industry in the country that in turn would provide a stream of energy supplies for South Africa.
The proposed regulations will allow for the protection of water resources and include measures to protect the wildlife in the area.
The government had enacted a moratorium of shale exploration as the technology to extract the resource, fracking, was investigated. The moratorium was lifted last year and companies are anxious to get to work in South Africa’s Karoo Basin.
The South African government is motivated by energy feedstock problems and is looking to get the ball rolling. “Not only does the potential of shale gas exploration and exploitation provide an opportunity for us to begin production of our own fuel, but it also marks the beginning of the reindustrialization of the South African economy,” Mineral Resources Minister Susan Shabangu said in a statement.
“By embarking on this process presented by hydraulic fracturing for the production of shale gas, we bring the country a step closer to the achievement of our objectives,” she said.
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