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South Africa Has Opened the Door to New Oil and Gas. Guyana Shows Why Countries Rarely Walk Back Through It.

South Africa has opened the door to new oil and gas development. Guyana shows what happens next: growing dependence on hydrocarbon revenues, difficult policy trade-offs and shrinking room to change course. ETA Analysis on the risks policymakers should confront now.

Allan Basajjasubi•June 18, 2026

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