ICIS: UK shale gas setbacks due to election, vital for economy - INEOS
Recent setbacks for the shale gas industry in the UK are likely to be linked to the general election, a director at the Switzerland-headquartered chemical major INEOS said on Tuesday.
The company is confident that a shale gas sector will eventually develop in the country, and would guarantee cheaper energy for the country, according to INEOS director Tom Crotty.
Crotty said the uncertain situation for the shale gas industry at present had been one of the factors behind the company getting involved in advocating for the safety and potential economic returns of the sector.
He was speaking shortly after the company announced the acquisition yet more several shale gas licences in the UK.
Read the full article HERE.
Related reading: INEOS Buys Shale Interests from IGas, Becomes Third Company for Licences in UK