Shale Gas

Part of Energy and Climate Change – in the House of Commons at 9:30 am on 19th June 2014.

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Photo of Michael Fallon Michael Fallon The Minister of State, Department for Business, Innovation and Skills , Minister of State, Department of Energy and Climate Change, Minister of State for Portsmouth 9:30 am, 19th June 2014

The Government are promoting responsible shale development for greater energy security, to deliver jobs and growth and to support investment. The recent EY report estimates that there could be £33 billion-worth of spend on shale gas exploration creating about 64,000 jobs, including over £20 billion on hydraulic fracturing and £8 billion on drilling and completion of the wells. That is why we are supporting exploration to understand just how much of this potential can be realised.