- Published: Monday, 16 October 2017 10:52
- Sourced by SolutionsTeam
Horizontal drilling and hydraulic fracturing, otherwise known as fracking, has in the past few decades made available the gas in previously ‘tight’ shale geologies. This has shaken up the energy sector worldwide by contributing to relatively low oil prices. Almost all the shale gas development has taken place in the US where production has increased from about one to nearly 16 trillion cubic feet (tcf) over the past 25 years. There are indications that shale gas may be present in a semi-desert region of South Africa known as the Karoo. The core region alone has an area of 400,000 km². If a viable gas resource were to be developed in the Karoo, what impact would it have on the global shale gas market? And how would it affect the energy economy of South Africa?