Sasol Ltd. Wants to Invest in South Africa's Shale Sector

Sasol Ltd, the integrated energy and chemical company based in Johannesburg, is looking to invest in South Africa's shale gas industry once it gets off the ground, according to Sasol Chief Executive David Constable, as reported by 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.

Constable said to "I am very excited because of the technologies we can bring to the table. We've got shale gas upstream experience in British Columbia... We want to get involved and participate and monetize that gas in country with gas to liquid, gas to power, gas to chemicals."