Here's my take (just published) on today's major government announcement about the latest upgraded estimate fore the potential 'goldmine' of shale gas beneath the UK. For the full article go here. And here's a taster:
The figures for potential UK shale gas reserves just went stratospheric. The UK Government has now confirmed the much-rumoured finding that UK shale gas resources are potentially huge – as much as twice the size of the highest previous assessment.
According to the British Geological Survey report which focuses on just one shale gas play, the Bowland Shale in the UK north-west, the basin could hold as much as 1300 trillion cubic feet of natural gas – while the upper figure potential suggests 2000tcf.
And now published in the US at Energy Tribune go here.