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Shale gas an ‘unlikely’ prospect, not necessarily cheap – WWF-SA

Shale gas an ‘unlikely’ prospect, not necessarily cheap – WWF-SA

A preliminary report by the World Wide Fund for Nature-South Africa (WWF-SA) has described shale gas as a marginal resource that remains reliant on a high gas or oil price and reasonable tax incentives, and may not provide as “cheap” a source of domestic energy as contended by private firms and State agencies.

Designed to frame the economic issues pertinent to shale gas in South Africa, the ‘Framework to assess the economic reality of shale gas in South Africa’ report looked to develop a model through which the geological, environmental, technological and financing factors of local hydraulic fracturing (fracking) for shale gas could be assessed and the economic viability of shale extraction ultimately determined.

Read more at: Shale gas an ‘unlikely’ prospect, not necessarily cheap – WWF-SA