Mineral Resources Minister Ngoako Ramatlhodi last week said he...

Mineral Resources Minister Ngoako Ramatlhodi last week said he expects draft regulations on oil and gas soon, so companies can comment on the proposed rules and they’re able to continue with exploration.
South Africa’s shale gas reserves, concentrated in the semi-desert Karoo region, could be the world’s eighth-biggest, the US Energy Information Administration said last year.
The government estimates enough gas can be discovered to generate 1 trillion rand of sales within three decades and help bring a country that imports 70 percent of its crude oil needs closer to supplying its own energy demand.
Royal Dutch Shell holds concessions to seek the fuel.

from Business day