Oil Economy Focus Rapid Review
Discoveries of shale gas in Nottinghamshire are equivalent to a trillion dollars-worth of gas, significantly higher than at one of the biggest fracking locations in the US. Ineos has indicated that drill tests show readings in one area alone for enough shale gas to keep the whole country supplied for 29 years. Tom Pickering, chief operating officer of Ineos Shale, said the opportunity should be seized upon with “Brexit just around the corner” and a growing dependency on “expensive foreign gas”, adding: “These are ‘US levels’ of gas and could be truly transformational for the UK economy, bringing untold jobs and investment to some of the countries most deprived areas.
LINK TO THE SOURCE ARTICLE: Shale gas discovery in UK could supply the country for 29 years
