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

Yes, we have set out the new fiscal regime that will apply to shale exploration. We have a system of robust regulation in place. There are some dozen companies now exploring, and I shall shortly be inviting applications for new onshore licences under the 14th licensing round, which will afford more opportunities for new companies to enter this market, and I know colleagues across the House will want to champion applications for licences in their area.