{"id":12853,"date":"2012-07-27T13:40:15","date_gmt":"2012-07-27T11:40:15","guid":{"rendered":"http:\/\/www.myza.co.za\/07\/s-africa-aims-to-cash-in-on-e-africa-energy-boom\/"},"modified":"2012-07-27T13:40:15","modified_gmt":"2012-07-27T11:40:15","slug":"s-africa-aims-to-cash-in-on-e-africa-energy-boom","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africa-aims-to-cash-in-on-e-africa-energy-boom\/","title":{"rendered":"S.Africa aims to cash in on E.Africa energy boom"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Service industry eyes Mozambique, Tanzania, Kenya gas<br \/>\nfinds<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Proximity to exploration can boost S. Africa service yards<\/p>\n<p><span><\/span><\/p>\n<p>* Mozambique offshore activity already raising demand<\/p>\n<p><span><\/span><\/p>\n<p>By Wendell Roelf<\/p>\n<p><span><\/span><\/p>\n<p>CAPE TOWN, July 27 (Reuters) &#8211; South Africa&#8217;s budding energy<br \/>\nservice industry is aiming to reap the benefits of new natural<br \/>\ngas and oil finds along Africa&#8217;s east coast, where geographical<br \/>\nproximity gives it the edge over other hubs in Europe, Singapore<br \/>\nand Dubai.<\/p>\n<p><span><\/span><\/p>\n<p>Located at the foot of Africa along a major shipping route,<br \/>\nSouth Africa is well placed to take advantage of increased<br \/>\nexploration by global energy companies in East Africa, where<br \/>\nlarge gas discoveries over the past year have excited global<br \/>\ninterest.<\/p>\n<p><span><\/span><\/p>\n<p>The U.S. Geological Survey estimates that more than 250<br \/>\ntrillion cubic feet of natural gas may lie off Kenya, Tanzania<br \/>\nand Mozambique, and discoveries announced this year may hold<br \/>\nenough gas to supply major European economies for at least one<br \/>\nyear.<\/p>\n<p><span><\/span><\/p>\n<p>South Africa, the continent&#8217;s largest economy, views its<br \/>\nship and oil rig repair industry as a potential niche market<br \/>\nthat could, conservatively, triple its annual revenue to 3<br \/>\nbillion rand ($363 million) by 2015 and create 3,000 jobs.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Our real competitive advantage lies in our proximity to the<br \/>\naction,&#8221; said Warwick Blyth, chief executive at the South<br \/>\nAfrican Oil and Gas Alliance (SAOGA), the industry body.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Service industry eyes Mozambique, Tanzania, Kenya gas finds * Proximity to exploration can boost S. Africa service yards * Mozambique offshore activity already raising demand By Wendell Roelf CAPE TOWN, July 27 (Reuters) &#8211; South Africa&#8217;s budding energy service industry is aiming to reap the benefits of new natural gas and oil finds along [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-12853","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/12853","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=12853"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/12853\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=12853"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=12853"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=12853"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}