It concludes: "IGas, one of five firms involved in the market in the UK, has told the Treasury that UK shale gas could begin entering the market within 12 to 18 months if the Government gets behind the sector.
But Mr McAllister said this would require ‘head to toe support’ including a shake-up of planning red tape which has stymied production to date.
Mr McAllister said shale gas had the potential to make the UK self-sufficient in gas within a decade."
*****
But imagine how long it would take a UK government to complete "a shake-up of planning red tape"!
AJL Price at posting:
12.0¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)