Sasol keen to invest in domestic shale

14-Mar-14

South African petrochemicals group Sasol Ltd is keen to invest in domestic shale once it gets off the ground, its chief executive said, in a potential challenge to oil major Royal Dutch Shell, as per Reuters. South Africa's cabinet proposed new regulations to govern exploration for shale gas late last year after it lifted a 2012 moratorium on the activity in the central Karoo region. Fracking in the region might tap what is believed to be some of the world's biggest reserves of the energy source and the government wants to develop an industry that it sees as a potential game-changer in Africa's largest economy.