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British Gas owner Centrica is hoping to tap in to the UK's shale gas potential by snapping up drilling rights in Lancashire. The gas giant is reportedly in talks to buy a stake in licences in the Bowland Shale rock formation in Lancashire from shale gas explorer Cuadrilla, according to the Financial Times. Staffordshire-based Cuadrilla claims to be sitting on 200 trillion cubic feet (tcf) of gas in the area and is leading the UK's attempts to extract the gas through a controversial process called fracking. Centrica's reported interest in UK shale gas comes just days after rival explorer IGas Energy significantly increased its estimates of the volume of gas it has licences over. Shares in IGas soared this week after it said it may have up to 172.3tcf of shale gas in a 300-square mile area in Cheshire - up from its previous estimate of 9tcf. The UK currently uses around 2.76tcf of gas a year. The gas is found in shale formed from deposits of mud, silt, clay and organic matter.
Francis Egan, Chief Executive of Cuadrilla Resources, made the claim after it was announced there is as much as 1,300 trillion cubic feet of shale gas in the Bowland Basin, which is made up of 11 counties in the North of England, including Lancashire.
Originally posted by The0nlytruth
How you dooooinnn (In the style of joey from friends)
Originally posted by AndyMayhew
I think the OP is confused by stories in the media today suggesting that power shortages might occur in the future due to the failure of the previous government to ensure outgoing power stations were replaced.
It hasn't happened yet - and it probably never will. Although with households using more and more electricity to power their expensive, unnecessary and pointless gadgets, who knows?