for subscribers

Karoo fracking to begin in 12 months - govt

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!

Johannesburg - The government said on Tuesday that exploration for shale gas will begin in the next 12 months, ending years of speculation over the project.

South Africa's semi-desert Karoo region is believed to hold at least 485 trillion cubic feet of shale gas, but drilling has been delayed by environmental and economic concerns.

"One area of real opportunity for South Africa is the exploitation of shale gas," the government said in a statement.

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
ZAR/USD
16.52
(-0.07)
ZAR/GBP
21.36
(+0.13)
ZAR/EUR
19.51
(-0.39)
ZAR/AUD
11.62
(+0.27)
ZAR/JPY
0.16
(+0.20)
Gold
1906.32
(+0.19)
Silver
24.69
(+5.52)
Platinum
868.00
(+1.69)
Brent Crude
42.85
(-0.67)
Palladium
2352.50
(+0.94)
All Share
55189.42
(+0.05)
Top 40
50782.54
(+0.08)
Financial 15
9937.68
(-0.40)
Industrial 25
75776.27
(+1.36)
Resource 10
53416.28
(-1.32)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, and I've gotten it.
40% - 12 votes
No, I did not.
30% - 9 votes
My landlord refused
30% - 9 votes
Vote