Related Articles
Forward article link
Share PDF with colleagues

Make-or-break time for UK shale gas, says MP

Factors in the next 12-18 months will be crucial for UK shale gas, including the election, Russian sanctions and the latest licensing round

The viability of the UK's shale gas sector will be decided in 2015, say industry leaders. Dan Byles, a member of the UK's parliament and chairman of the parliamentary Group for Unconventional Oil and Gas (APPG), told Petroleum Economist the future of the nascent UK shale gas industry would be decided within the next 12-18 months. The upcoming 14th onshore oil and gas licensing round, the 2015 general election and the impact of any economic sanctions on Russia would determine the success of UK shale gas, he said. "We're seeing a raft of applications starting for the next wave of exploratory wells ranging from Northern Ireland to different parts of England and Scotland," he said. The licensing

Also in this section
Venezuela going for broke
16 January 2018
The Maduro government wants a new deal on its debt. Things are going to get messy
Iraqi Kurdistan sinking fast
11 January 2018
The future of the KRI's oil sector is uncertain, with the federal government determined to bring all the country's production and exports back under its wing
Iraqi Kurdistan's wrong turn
11 January 2018
Burdened by political and economic crises at home, the autonomous region faces difficult talks with a newly confident federal government in Baghdad