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South Africa Hopes To Become The Next Big Shale Success Story By Haley Zaremba - Mar 15, 2021, 2:00 PM CDT
It’s been nearly a decade since South Africa lifted a freeze on shale gas exploration, but the resource-rich nation’s potential ensuing shale revolution never quite materialized. Much attention and expectations have been bestowed upon the vast, semi-desert region called the Karoo basin, but a series of studies on the potential shale play over the past decade have shown increasingly disappointing results for prospective drillers. Back in 2017, in an article in The Conversation delightfully titled “Shale gas in South Africa: game-changer or damp squib?,” seemed to lean far toward the damp squib end of the spectrum, pointing out that recent estimates had shown the upper limit of gas reserves in the Central Karoo as discouragingly low around 20 trillion cubic feet (tcf) what the author referred to as “trillion cubic feet (tcf).” In fact, it
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BEIJING (Reuters) - China’s crude steel output rose 12.9% in the first two months of 2021 compared with a year earlier, as steel mills increased production in expectation of more robust demand from the construction and manufacturing sectors.
FILE PHOTO: A worker walks past steel rolls at the Chongqing Iron and Steel plant in Changshou, Chongqing, China August 6, 2018. REUTERS/Damir Sagolj/File Photo
China produced 174.99 million tonnes of crude steel in January and February, National Bureau of Statistics (NBS) data showed on Monday. The bureau combined data for the first two months of the year to account for the distortions of the week-long Lunar New Year holiday.
SA is about 4,000MW short of the power it needs to ensure no load-shedding. Image: PAUL ASH
SA’s long-suffering citizens should brace themselves for another five years of load-shedding as Eskom struggles to keep its ailing coal-fired power stations on the boil.
This is thanks to an estimated 4,000MW shortfall in the amount of power the utility will be able to supply in the next half decade, said CEO André de Ruyter. Speaking at Eskom’s “state of the system” briefing on Monday, De Ruyter said the risk of load-shedding “will abate over time but not disappear” as the utility forged ahead with critical maintenance work.
South Africa's struggling state power utility Eskom said on Monday that it aimed to get its plant performance back to "acceptable levels" by late 2021.
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