Government keen to explore reserves of shale gas in North of England
Government ministers have got behind the rush for shale gas as a survey estimated bigger reserves than previously thought in the North of England. Plans have been drawn up by the government to reduce tax on income generated from shale gas for those companies involved from 62% to 30%. The government has unveiled a package […]
UK 2013 Energy Statistics Released
Primary energy production fell by 10.7% compared to the previous year. Energy Imports rose by 6.9% with Norway imports of 46% and 55% for crude oil and gas respectively. From these stats it is easy to see that the UK remains a net importer of energy and our dependence level increased by 43%. Below is […]
Too early to call whether UK shale gas will reduce energy prices
Exploiting the UK’s shale gas resource will mean better energy security and boost tax revenues, but it is too early to predict if it will reduce energy prices. The US now has the cheapest gas market in the world after beginning to produce shale gas domestically. If the resource in the UK turns out to […]
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