Shale gas “will not transform the UK economy.”

September 25, 2012 Gas 

FT: Shale gas could bring £95bn of investment and account for a quarter of UK consumption in 20 years. However, it will not transform the economy as it has in the US, according to the first big survey of the country’s reserves. “Shale will not be a ‘cheap’ source of gas and there is unlikely to be a repeat of the US experience,” says the report by the Energy Contract Company, a consultancy.”

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