Shell raring to go as cabinet looks likely to open up fracking

The Cabinet looks set to approve the removal of the moratorium on fracking in the Karoo at its next meeting in two weeks, and Royal Dutch Shell has already indicated that it may spend $200 million (R1.6 billion) on the exploration phase for shale gas.

Jan Willem Eggink, Shell South Africa general manager upstream, told the Cape Chamber of Commerce and Industry that the company was set to spend this amount in the exploration phase if the cabinet gave the green light.

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