http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.20Change: 0.11
R/$ = 11.26Change: 0.02
Au 1214.65 $/ozChange: 5.96
Pt 1288.00 $/ozChange: -14.00
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Mar 29, 2012

‘Controlled' shale gas exploitation may yield energy, economic benefits - Manuel

Back
Johannesburg|SECURITY|Africa|CoAL|Exploration|Renewable Energy|Renewable-Energy|Resources|Security|Water|Africa|Mozambique|Namibia|South Africa|United States|Security|Broader Energy Policy|Electricity|Electricity Mix|Energy|Energy Mix|Imported Natural Gas|Indicated Shale Gas Resources|Power Generation|Power-generation|Renewable Energy|Security|Shale Gas Exploration Licences|Shale Gas Resources|Dipuo Peters|Manuel|Power|Security|Water
SECURITY|Africa|CoAL|Exploration|Renewable Energy|Renewable-Energy|Resources|Security|Water|Africa||Security|Energy|Power Generation|Power-generation|Security||Power|Security|Water
johannesburg|security|africa-company|coal|exploration|renewable-energy|renewable-energy-company|resources|security-company|water-company|africa|mozambique|namibia|south-africa|united-states|security-facility|broader-energy-policy|electricity|electricity-mix|energy|energy-mix|imported-natural-gas|indicated-shale-gas-resources|power-generation|power-generation-industry-term|renewable-energy-industry-term|security-industry-term|shale-gas-exploration-licences|shale-gas-resources|dipuo-peters|manuel|power|security-person|water
© Reuse this



Gas, including the "controlled" extraction of the Karoo's shale gas resources, needs to play a more significant role in South Africa's future energy mix, Minister in The Presidency Responsible for the National Planning Commission Trevor Manuel said on Thursday.

Speaking at the Integrated Energy Plan (IEP) colloquial in Johannesburg, Manuel and Energy Minister Dipuo Peters said that gas could play an important role in helping the country transition to a lower-carbon economy and in ensuring that the cost of that transition could be borne by the economy and its citizens.

Shale gas could also play a role, along with imported natural gas from Mozambique and Namibia, in diversifying South Africa's electricity mix, which was still dominated by coal, which formed the primary energy for more than 90% of the country's power generation.

A task team had been established by the Department of Mineral Resources to assess the potential costs and benefits of the exploitation of South Africa’s indicated shale gas resources in the Karoo basin, which have been estimated by the US Energy Information Agency as being 485-trillion cubic feet.

In the meantime, a moratorium had been put in place on the issuance of shale gas exploration licences and the prohibition would only be lifted once Cabinet had applied its mind to that report.

Manuel noted that the National Development Report, which had been drafted by the 25-member National Planning Commission, said that the country should factor more gas into the Integrated Resource Plan (IRP) for electricity, which set out a framework for the development of power generation capacity for the period 2010 to 2030. The IRP would be reviewed in 2012, but was only expected to be revised during 2013 once the IEP processes had been completed – the IEP2012 is a multifaceted plan that will guide South Africa’s broader energy policy and guide its electricity and liquid fuels investments over a 20-year horizon.

“The capital costs of gas are cheaper and in a capital-scarce country, this is an important consideration,” Manuel said, noting that gas could also complement renewable energy and improve the economics of renewable facilities.

He, thus, appealed for a “rational” and “informed” discussion on the potential exploitation of South Africa’s unconventional gas resources. “We want to raise the quality of the debate, not the volume.”

But Manuel also indicated that South Africa was unlikely to pursue the unregulated model deployed in the US, referring in particularly to the country’s relative water stresses as a key constraint.

“But it can’t be all or nothing,” he said.

Peters added that South Africa’s shale gas potential “cannot be ignored”, as it could bolster supply-side security, contribute to economic growth and development and help the country in meeting its emission commitments.

“We are cognisant of the controversies associated with shale gas extraction processes, such as ground water and soil contamination. However, with the ongoing developments I am confident that these challenges will, in the not too distant future, come to pass,” Peters said.

Proposed amendment to the Gas Act would also serve before Cabinet soon, which could help facilitate greater gas importation and might also facilitate the development of unconventional gas resources.

However, Peters refused to elaborate on the possible amendments saying that she would do so only once Cabinet had deliberated on the matter, which would be soon.

Edited by: Creamer Media Reporter
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Construction News
Updated 2 hours 54 minutes ago Protech Khuthele Holdings on Wednesday said, in a cautionary note to shareholders, that, as the failed company unwound, investigations were ongoing into its affairs. The company provided no indication of the completion date.
Updated 2 hours 57 minutes ago Private equity investors are increasingly becoming more active in Africa’s bid to narrow the $90-billion a year infrastructure funding gap constraining the continent’s growth. This was according to a survey by the Southern African Venture Capital and Private Equity...
JSE-listed Redefine Properties on Wednesday closed an accelerated bookbuild, raising R1.36-billion, placing around 143.1-million shares at a price of R9.50 a share. The company announced the accelerated bookbuild on Wednesday morning to initially raise about...
More
 
 
Latest News
Updated 3 hours ago Protech Khuthele Holdings on Wednesday said, in a cautionary note to shareholders, that, as the failed company unwound, investigations were ongoing into its affairs. The company provided no indication of the completion date.
Updated 3 hours ago Private equity investors are increasingly becoming more active in Africa’s bid to narrow the $90-billion a year infrastructure funding gap constraining the continent’s growth. This was according to a survey by the Southern African Venture Capital and Private Equity...
Updated 3 hours ago The shortlist of innovations in the Africa Prize for Engineering Innovation was announced on Wednesday, comprising 12 new innovations from seven African countries. The shortlist announced by the UK’s Royal Academy of Engineering (RAEng) included innovations in...
More
 
 
Recent Research Reports
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move road...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
Real Economy Insight: Road and Rail 2014 (PDF Report)
This six-page brief covers key developments in the road and rail industries over the past 12 months, including details of South Africa’s road and rail network and prospects for both sectors.
 
 
 
 
 
This Week's Magazine
The latest TransUnion Vehicle Pricing Index (VPI) contains a number of small, but significant indications that the tide may at last be turning for the beleaguered used car industry. For the third successive quarter, used car inflation has increased on a year-on-year...
The South African new vehicle market is likely to reach around 630 000 units in 2014, down from the 650 000 units recorded in 2013, says Toyota South Africa Motors (TSAM) president and CEO Dr Johan van Zyl. Van Zyl is also president of the National Association of...
Efforts by the Kenya government to increase energy generation by 5 000 MW over the next three years received a major boost following the award of a $2-billion contract to build a coal power plant in Lamu.  Despite allegations of irregular tendering process, the...
Using crafty wordplay on a well-known Internet meme, brilliant South African-born US entrepreneur and businessperson Elon Musk announced that Tesla Motors would not initiate patent lawsuits against anyone who, in good faith, wanted to use its technology. Instead,...
August new vehicle sales declined by 1.4%, to 55 722 units, compared with the same month last year. Assisted by the car rental market, the South African new passenger car market, at 37 953 units, contracted by 1 047 units, or 2.7%, compared with August last year.
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks