
Energy Minister Dipuo Peters said, “If extraction of the gas can be done safely, let’s go and do it.” Source: South African Government via Bloomberg
By Franz Wild and Andres R. Martinez on September 07, 2012
South Africa, which has the world’s fifth-largest shale-gas resources, lifted a moratorium on the exploration of natural gas trapped in rock, the mines ministry said.
The government imposed a ban last year on hydraulic fracturing, or fracking, while it studied the environmental repercussions of allowing companies including Royal Dutch Shell Plc (RDSA), Falcon Oil & Gas Ltd. (FO) and Bundu Oil & Gas (Pty) Ltd. to employ the practice. Fracking, which involves blasting water mixed with sand and chemicals underground to free trapped hydrocarbons from shale formations, has been banned in France. read more
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