Shale Gas

Part of the debate – in the Scottish Parliament at on 13 June 2013.

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Photo of Murdo Fraser Murdo Fraser Conservative

This week’s report from the United States Energy Information Administration states that the United Kingdom’s technically recoverable shale gas reserves are 26 trillion cubic feet—10 times our annual gas demand—of which a reasonable chunk is in Scotland. The Institute of Directors previously estimated that 35,000 jobs could be created from this new industry. Given that, in the US, shale gas has delivered a 50 per cent cut in wholesale energy costs, a reindustrialisation of the economy and a cut of millions of tonnes in carbon emissions, will the Scottish Government be enthusiastic about pursuing the new opportunity?