South Africa prepares to give shale gas go ahead

South Africa will gazette final regulations for shale gas exploration by June, two years after releasing draft rules and as companies reconsider investments due to volatile oil prices and delays in awarding licenses.

In March, Royal Dutch Shell said it was pulling back from its shale projects in South Africa’s semi-arid Karoo region which is believed to hold up to 390 trillion cubic feet of technically recoverable reserves.

"We have finalised the regulations… It would be gazetted in a month’s time," Ngoako Ramatlhodi, minister of mineral resources, told reporters before his budget speech to parliament.

Read more: South Africa prepares to give shale gas go ahead | Southern Africa.

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