Everyone is familiar with South Africa’s dire need for energy, one only has to consult a load shedding schedule to re-familiarise oneself with this.
“South African government, through Cabinet and various other decision-making institutions, has made high-level public commitments to shale gas exploration. If the exploration phase occurs and yields successful hydrocarbon deposits and gas-flow regimes, it is a reasonable assumption that
Government would consider development of those resources at a significant scale,” the SEA website states.
“It is for this reason we carry out EIA’s and it is a vital assessment the government is doing, overarching the EIA which will look only at the impact for instance of one well or one activity will have on the environment,” Eggink says.
CEL Price at posting:
6.1¢ Sentiment: Buy Disclosure: Held
