Building on recent positive developments concerning the future development of the UK’s shale gas resources, including the April 2013 Energy and Climate Change Committee report on the impact of shale gas on energy markets, the establishment of the Office for Unconventional Gas and Oil within the Department of Energy and Climate Change, and the anticipated upward revision of estimates of the UK’s technically recoverable shale reserves due to be reported by the British Geological Survey later this year, the Institute of Directors’ report, “Getting Shale Gas Working”, published on May 22nd, 2013, makes a strong economic case for proceeding without delay to explore for and develop the UK’s shale resource
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IOD report makes strong economic case for UK shale gas development
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