Oil and Gas in South Africa should be primarily driven by Policy

The large-scale production of oil and gas has the potential to stabilise South Africa’s economy, relieving unemployment and poverty challenges while driving growth across industries, but government must provide policy certainty and an assertion of future contract stability, says South African Oil and Gas Alliance CEO Niall Kramer.

“South Africa currently uses less than 3% gas in its total energy mix and the rationale for growing this towards global levels of 20% has been widely discussed, taking into account costs, benefits and environmental impact. However, government must provide clear guiding policies for enabling this and the longer it takes for these to come to light, the more we delay the fiscal and social benefits a gas economy can achieve.”

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