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Total find could change South Africa’s fortunes
The French company's gas condensate discovery could be significant for South Africa, but it is too early to say how significant – and the Outeniqua Basin has proven disappointing in the past The French company's gas condensate discovery could be significant for South Africa, but it is too early to say how significant – and the Outeniqua Basin has proven disappointing in the past.
14 February 2019
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The key issue: Total announced a “significant” gas condensate discovery off the southern coast of South Africa last Thursday, but the impact this will have on the country’s gas market is not yet clear.
Interfax analysis: Total has made a gas condensate discovery of 1 billion barrels of oil equivalent that could be a game-changer for South Africa, but it will not eliminate the need to import LNG to meet the targets for gas-fired power outlined in the country’s new integrated resource plan...
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