Speaking at the State of the Nation Address last night the president revealed the discovery of gas of the shore of the southern Cape coast. Cyril Ramaphosa was convinced that this would be a game-changer for the country.
President Cyril Ramaphosa heralded the recent discovery of gas off the shores of South Africa, adamant that this could mean big and exciting things for the country.
Speaking at his SONA on Thursday evening, Ramaphosa spoke about the 'catalytic' find:
“We are extremely encouraged by the report this morning about the Brulpadda block in the Outeniqua Basin, which some have described as a catalytic find,”
The oil behemoth Total made the discovery 180 kilometeres of the coast in Mossel Bay. During his address the president said that:
“This could well be a game-changer for our country and will have significant consequences for our country’s energy security and the development of this industry. We congratulate Total and its various partners and wish them well in their endeavours.”
The president assured that the government will continue to develop legislation for the sector, in order to ensure it is properly regulated for the interests of all concerned.
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