Monday, August 19, 2013

British shale gas poised to attract 3.7 billion pounds annually, or investment

British Geological Survey recently released a report that the UK currently found in shale gas reserves are estimated twice before, in the north of England Bao Lande (Bowland) below the basin could hold 40 trillion cubic meters of  shale gas   but it is hard to determine how much can be mined. The report also said that the development of shale gas will help the UK reduce dependence on foreign natural gas, shale gas-related industries with an annual 3.7 billion pounds for the UK to attract investment, while creating 74,000 jobs. Britain is to allow a handful of European shale gas development is one of the great powers. Western European countries forced population and environmental pressures ban shale gas development. While in the U.S. shale gas mining process of  Hydraulic fracturing  technology has become commonplace, but critics have pointed out that this process exists insecurity, releasing gas into the water may cause localized vibration. UK government to placate public sentiment, the smooth progress of shale gas development, preparing to close to the exploration area communities £ 100,000 compensation allowed the sharing of one percent of shale gas development proceeds. The UK is Europe's largest gas consumer. 2012 British consume 27,600 cubic feet of natural gas,ceramic ball the country's 2015 imports of natural gas is likely to exceed its North Sea gas production. The British Government wants to study in America, through the development of shale gas onto the road to energy independence. U.S. Energy Information Administration released a report in May this year also said the use of current technology, the United Kingdom out of 26 trillion cubic feet of recoverable shale gas, the equivalent of the UK natural gas consumption for nine years.

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