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    BBC: NI shale gas deposits 'could be worth £80bn' says report

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Summary

Consulting firm PwC says that shale gas deposits in Northern Ireland could be worth about £80 billlion, with most reserves in north west and Fermanagh.

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Press Notes

BBC: NI shale gas deposits 'could be worth £80bn' says report

Shale gas deposits in Northern Ireland could be worth about £80bn according to a new report by consulting firm PwC.

It is believed most of the reserves are in the north west and Fermanagh.

The gas would need to be extracted using a controversial process known as hydraulic fracturing, or fracking.

Sinn Féin have claimed the report was "one-sided" and "sensationalist". The issue of fracking has divided the community in Fermanagh in recent years.

In order to carry out fracking a company must receive a license from the Northern Ireland executive.  MORE