UK Shale Gas Production Could be Delayed by Five Years

Bloomberg reported that it could take five years for explorers to gain a proper understanding of the geology in the UK, and for shale gas production to start.

As quoted in the market report:

Explorers need to drill multiple wells before they can assess how much gas shale rock in the U.K. will yield and whether recovery rates will match the U.S., Nick Riley, head of science policy at the British Geological Survey, said yesterday at an industry conference in London.

To read the full Bloomberg report, click here.