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UK Offers 27 Shale Gas Licenses

UK Offers 27 Shale Gas Licenses UK Offers 27 Shale Gas Licenses

The British government has made available 27 new licenses to explore onshore oil and gas on Tuesday, opening up 270 sq km of the country to fracking. Investment in shale in Britain could be as much as £33 billion and support 64,000 jobs, Energy Minister Lord Bourne said in a statement. The Oil & Gas Authority, the UK regulator, said it has received almost 100 applications from 47 companies.

 

Financialtribune.com