Falcon is a global energy company with projects in Hungary, Australia & South Africa

Developing large acreage positions of unconventional and conventional oil and gas resources

Free
Message: Re: Karoo - Energy Investors: Pay Attention to This Market
3
Jan 13, 2012 07:52PM
5
Jan 17, 2012 11:59PM
7
Feb 03, 2012 09:18AM
5
Feb 21, 2012 09:19PM

South Africa may prove to be the ultimate testing ground for energy development.

By Aimee Duffy

updated 2/29/2012 5:08:28 AM ET

.

Hello, natural gasdeposits
The Energy Information Administration estimates that South Africa could have as much as 485 trillion cubic feet of shale gas reserves. Right now gas accounts for only 3% of the country's energy supply. The country's main gas operator, Sasol, produces the gas in Mozambique and then ships it via a 535-mile pipeline.

When gas is available, it is much easier to bring it onto the grid than it is to build a new coal-fired power plant to meet demand. A recent poll commissioned by Royal Dutch Shell found that 73% of South Africans are open to the idea of natural gas extraction in the Karoo region, if initial exploration proves reserves are commercially viable. Farmers in the Karoo feel differently, and South Africa may well end up facing the same local opposition to hydraulic fracturing that occurs in the U.S.

Motley Fool on msnbc.com
4
Apr 10, 2012 09:53AM
3
Aug 23, 2012 08:57AM
6
Aug 28, 2012 10:09PM
6
Aug 31, 2012 09:39AM
6
Oct 19, 2012 10:03AM
7
Jul 16, 2013 10:09PM
8
Oct 02, 2014 12:18AM
8
Oct 03, 2014 10:13AM
7
Oct 06, 2014 05:21AM
Share
New Message
Please login to post a reply