The early development of significant gas reserves in the deep waters off the coast of Mossel Bay would contribute almost R23 billion to GDP each year, bring in R8.6 billion in taxes, boost the balance of trade by R25 billion each year and create more than 20 000 jobs, a socioeconomic impact study conducted by government's Petroleum Agency of South Africa has found.
The study considers an early production scenario, wherein the resource development is fast-tracked to deliver gas to PetroSA's gas-to-liquids plant using the existing offshore infrastructure. The 45 000-barrel-a-day plan ran out of indigenous feedstock in late 2020. The study does not consider"phase 2", in which the gas could be fully developed to supply other markets such as industrial users, the transport sector and gas-to-power plants.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.
_Business Gone are the days when SA was producing 44% of our oil consumption. Hopefully they will be back again.
_Business This will never happen if left to government, they only know how to talk and talk but when it comes to doing they go missing in action
_Business ANC looting scheme loading.
_Business Why can't they check the wild coast as well
_Business Old news, check on your junior reporters, netsnert 24.
_Business Lol of this is what it is then somebodies trip to the USA has this on the agenda I presume .
_Business Lot of things are found in Afrika. It has not gotten us the Afrika we want. This is not exciting for us the people. We only pray for the fish and their environment and the wars these proceeds may fund.
_Business Once again putting the cart before the horse.
_Business You mean it will add 23bn to ANC coffers not the SA economy...
_Business Why don’t we have multiple gas turbine generators in Mosselbay hooked directly to the offshore gas supply and generating electricity for the national grid? 🤷♂️
_Business To the economy, or to the ANC cadres pockets.
_Business So… Petroleum Agency paid for the study… Substantial benefits promised… No wonder…
_Business Does South Africa have its own Saudi Aramco?
_Business All our politicians,influencers , celebrities are in hiding. A simple retweet cld do the magic. The country is being sabotaged by few individuals who do not want to see progress !
_Business No it won't, blacks will find a way to ensure all is stolen
_Business I don't know😳 How real is this? It is the ANC lead Gov and I've lost track of big projects costing RBillions then sudeldenly RHundredsBillions... Move with caution
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_Business The tree hugging NGOs are gonna come out and stop this progress and tell you about wind and solar😩. I swear we can't have rapid economic development in our country using our natural resources
_Business More like will be looted by the corrupt ANC
_Business We are getting that gas out and using petro SA refinery. TotalEnergies must get to work