http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.20Change: 0.10
R/$ = 10.99Change: 0.05
Au 1235.53 $/ozChange: 0.78
Pt 1366.00 $/ozChange: 3.00
 
 
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  
 
 
Sep 18, 2012

Full fracking report now available

Back
Africa|Eskom|Exploration|Gas|Renewable Energy|Renewable-Energy|Resources|Water|Africa|South Africa|Square Kilometre Array|Energy|Mining|Shale Gas|Shale-gas Resource|Western Cape|Environmental|Susan Shabangu|Water|South Africa|Fracturing
Africa|Eskom|Exploration|Renewable Energy|Renewable-Energy|Resources|Water|Africa|||Energy|Mining|||Environmental|Water||
africa-company|eskom|exploration|gas-company|renewable-energy|renewable-energy-company|resources|water-company|africa|south-africa|square-kilometre-array-facility|energy|mining|shale-gas|shale-gas-resource-industry-term|western-cape|environmental|susan-shabangu|water|south-africa-region|fracturing
© Reuse this



The full report arising from the government’s ‘Investigation of Hydraulic Fracturing in the Karoo Basin of South Africa’ has been published on the Department of Mineral Resources’ website, Minister Susan Shabangu confirmed on Tuesday. Hitherto, only an executive summary of the report had been made available.

The 80-page document was compiled by a task team established to evaluate the use of the hydraulic fracturing (fracking) technique to extract of shale gas in South Africa.

It comprised representatives from the departments of Environmental Affairs and Water Affairs, Science and Technology, Energy and Mineral Resources, as well as from the Petroleum Agency of South Africa, the Council for Geoscience, Square Kilometre Array South Africa, the Water Research Commission and Eskom. Technical advice was also obtained from academics from the University of the Free State and the University of the Western Cape.

The report concluded that ‘conditional approval’ be given for fracking activities in South Africa.

It has been estimated that the country could house the fifth-largest shale-gas resource in the world, or about 485-trillion cubic feet (tcf) of gas.

Addressing lawmakers, Shabangu said Cabinet’s endorsement of a decision to lift a moratorium on licencing exploration should be seen as part of a process to verify that resource.

“Even with a conservative estimate of 30 tcf, using the indicative pricing of $4 per thousand cubic feet of gas at an exchange rate of R8 per dollar, the gross value of this resource, to us, would be in the region of almost R1-trillion,” she said.

But she also acknowledged the strong opposition to fracking and that the issue had “divided our citizens into two: those for and those against”.

She also acknowledged that the Karoo was a “delicate place”, where there were competing interests, from farming and radio astronomy, to uranium mining and renewable-energy initiatives. It was also a “store chest of South Africa’s fossils”.

“As mandated by Cabinet, we will embark on public consultation with all interested and affected parties in addition to the regulatory public consultation that usually accompanies the environmental-impact assessment processes.”
 

Edited by: Creamer Media Reporter
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Oil and Gas News
Tanzania has signed an agreement with French oil producer Maurel et Prom and Wentworth Resources for the supply of gas aimed at doubling the country's power generation capacity to 3 000 MW by 2016. Oslo Stock Exchange and London AIM-listed Wentworth Resources said in...
Egypt said on Sunday it expected to receive around $425-million in funding from the Islamic Development Bank to develop an oil refinery in Assiut and an airport in the Red Sea resort of Sharm el-Sheikh. The first agreement is for $198-million earmarked for the...
Egypt has signed a $500-million loan with the World Bank to provide natural gas to Egyptian households, the government said in a statement on Thursday. The loan will help fund a Petroleum Ministry plan to connect 850 000 Egyptians, particularly in largely rural Upper...
More
 
 
Latest News
Updated 42 minutes ago Government’ proposed Medium and Heavy Commercial Vehicle Automotive Investment Scheme (MHCV-AIS) is unlikely to have any real impact on Isuzu Trucks South Africa’s automotive assembly business, as the monetary benefits of the incentive would be too insignificant to...
DBSA CEO Patrick Dlamini
Following record disbursements of R12.7-billion in 2014, the State-owned Development Bank of Southern African (DBSA) reported on Monday that it planned to raise total yearly disbursements to R22-billion by 2017, with a major focus on under-resourced municipalities....
Through consolidating its operations into one central 59 000 m2 building, which was currently under construction near Freedom Park in Tshwane, Statistics South Africa (Stats SA) would streamline its processes and achieve greater efficiency, Minister in the Presidency...
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 board of UD Trucks Southern Africa (UDTSA) has announced the resignation of MD Jacques Carelse.   Long-time UD employee, corporate planning and marketing GM, Rory Schulz, has been appointed as acting MD while the process started to appoint a new MD. The Japanese...
There is a need to start planning another pumped storage scheme in South Africa. Much work has already been done at a site in the Limpopo province and the project was very close to being put out to tender at one stage. In 2008/9 the National Energy Regulator of South...
The Coega Development Corporation (CDC) is preparing to leverage its strategic coastal position to develop the Eastern Cape economy through proposed aquaculture development zones (ADZs), with a proposed R2-billion project aiming to contribute $278-million to the...
Completion of the ongoing construction of the 102 km Zomba–Jali–Phalombe–Chitakale road, in southern Malawi, has been extended from June  to December 15 because of persistent rains and difficulties in paying the contractor. The project is being undertaken by Kuwait's...
The Malawi government has awarded South African firm  Fischer Consortium the  contract to upgrade the Malawi Road Traffic Information System. The Directorate of Road Traffic and Safety Services at Malawi's Ministry of Transport and Public Works says Fischer...
 
 
 
 
 
 
 
 
 
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