[LISTEN] What you need to know about 'game-changing' gas-condensate discovery

A significant gas-condensate find off the coast of South Africa has been described as a game changer - it's expected to boost the country's economy by R1-trillion over the next 20 years.

French multinational oil and gas company, Total announced on Thursday that it has opened up a new oil and gas province off the coast of Mossel Bay at its Brulpadda prospects on Block 11B/12B in the Outeniqua Basin.

John Maythem spoke to Africa New Energies' Stephen Larkin to find out more.

In terms of what it means for South Africa economically, I think the most important thing to dwell on is if you go back in history, Mossgas was a world first in gas to liquids and something that South Africa is good at with all its experience with Sasol. But the problem was when it was commissioned without having sufficient natural gas stock and hoped to find a find like this, but for 20 odd years they didn't...

Stephen Larkin, Founder - Africa New Energies

This find means that Total will help get Mossgas back to production of 45 000 barrels a day and the substitution of imports with local production just with Mossgas, will add about R15 billion a year to the South African economy for the next three decades.

Stephen Larkin, Founder - Africa New Energies

Click on the link below to hear more about the find....


This article first appeared on 702 : [LISTEN] What you need to know about 'game-changing' gas-condensate discovery


Recommended

by NEWSROOM AI
Read More
[LISTEN] SA's Ndlovu Youth Choir through to America's Got Talent semi-finals

[LISTEN] SA's Ndlovu Youth Choir through to America's Got Talent semi-finals

The choir has been wowing TV audiences in the US and across the world with their energetic performances.

Surfer comes up with insp-EYE-ring way to ward off sharks - take a look!

Surfer comes up with insp-EYE-ring way to ward off sharks - take a look!

Large eye stickers are being stuck to the bottom of surfboards in order to deter sharks.

'The long wait is over'  - PSL returns to SABC following blackout

'The long wait is over' - PSL returns to SABC following blackout

The end of the impasse comes after weeks of high-level meetings between the public broadcaster, government, and MultiChoice.

Zuma maintains he did not call Hanekom an apartheid spy

Zuma maintains he did not call Hanekom an apartheid spy

The former president has filed papers with the Durban High Court in response to Derek Hanekom's defamation charges.

Lion cub worth R50k rescued from house in Cape Town

Lion cub worth R50k rescued from house in Cape Town

The feline was found by detectives at a property in Athlone on Wednesday following a tip-off.

[LISTEN] Total South Africa's gas discovery a game changer - Jeff Radebe

[LISTEN] Total South Africa's gas discovery a game changer - Jeff Radebe

The French energy company announced on Thursday the discovery of a 'significant' gas condensate.

Popular articles
[LISTEN] SA's Ndlovu Youth Choir through to America's Got Talent semi-finals

[LISTEN] SA's Ndlovu Youth Choir through to America's Got Talent semi-finals

The choir has been wowing TV audiences in the US and across the world with their energetic performances.

Surfer comes up with insp-EYE-ring way to ward off sharks - take a look!

Surfer comes up with insp-EYE-ring way to ward off sharks - take a look!

Large eye stickers are being stuck to the bottom of surfboards in order to deter sharks.

'Ramaphosa wants to find ways to force pension fund managers to invest in SOEs'

'Ramaphosa wants to find ways to force pension fund managers to invest in SOEs'

Daily Maverick associate editor at Scorpio Sikonathi Mantshantsha takes a look at the week's financial news.

Lion cub worth R50k rescued from house in Cape Town

Lion cub worth R50k rescued from house in Cape Town

The feline was found by detectives at a property in Athlone on Wednesday following a tip-off.

[WATCH] Ndlovu Youth Choir shines once again with latest AGT performance

[WATCH] Ndlovu Youth Choir shines once again with latest AGT performance

The inspiring South African choirU2's Beautiful Day at America's Got Talent quarter-finals.

SA’s richest woman opens up about being a refugee and becoming a billionaire

SA’s richest woman opens up about being a refugee and becoming a billionaire

Magda Wierzycka – Sygnia’s renegade CEO – on her attitude toward money (hopes and fears, successes and failures, etc.).

Mystery solved: Why smelly, blue sewage has been leaking into Cape Town forest

Mystery solved: Why smelly, blue sewage has been leaking into Cape Town forest

The reason for the leakage has been revealed, explains Table Mountain Aerial Cableway MD Wahida Parker.