IVZ media thread, page-7427

South Africa has signalled it could boost support for foreign energy groups after TotalEnergies abandoned plans to develop the country’s largest gas discovery.

Describing Total’s decision in July to withdraw from the Brulpadda and Luiperd prospects as “extremely disappointing”, South Africa’s energy minister Kgosientsho Ramokgopa said in an interview: “Could we have done better to ensure this resource could be exploited in a more commercially attractive sense? Yes.”

Ramokgopa added: “Domestic gas is far cheaper than imported gas, so we need to do more to work with players who can help us exploit these reserves.”

S Africa signals more support for energy groups after Total exits gas project https://www.ft.com/content/8f1d761f-ab6d-4f77-bb0d-94823d49b39b