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Britain confirms support for new oil, gas licensing round

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 The British government formally lifted a ban on fracking for shale gas in England and has confirmed support for new oil and gas licensing round In a statement to bolster the country s energy security the British government said it had lifted the moratorium on shale gas production in England The government said the new oil and gas licensing round will be inaugurated by the North Sea Transition Authority in early October paving the way for more than 100 new licences for exploration which could involve fracking These licences will enable developers to search for commercially viable oil and gas sources Business Secretary Jacob Rees Mogg said strengthening Britain s energy security is an absolute priority In 2019 the British government said that fracking would resume only if the science shows categorically that it can be done safely However the Department for Business Energy and Industrial Strategy argued Thursday that lifting the ban would enable further data to be collected The moratorium on shale gas production has been in place in England since 2019 following concerns over earth tremors According to an Oil and Gas Authority report it is not possible with current technology to accurately predict the probability of tremors associated with fracking NewsSourceCredit NAN
Britain confirms support for new oil, gas licensing round

1 The British government formally lifted a ban on fracking for shale gas in England and has confirmed support for new oil and gas licensing round.

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2 In a statement to “bolster the country’s energy security’’, the British government said it had lifted the moratorium on shale gas production in England.

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3 The government said the new oil and gas licensing round will be inaugurated by the North Sea Transition Authority in early October, paving the way for more than 100 new licences for exploration, which could involve fracking.

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4 These licences will enable developers to search for commercially viable oil and gas sources.

5 Business Secretary Jacob Rees-Mogg said strengthening Britain’s energy security is “an absolute priority’’.

6 In 2019, the British government said that fracking would resume only if “the science shows categorically that it can be done safely.

7 ’’
However, the Department for Business, Energy and Industrial Strategy argued Thursday that lifting the ban would enable further data to be collected.

8 The moratorium on shale-gas production has been in place in England since 2019 following concerns over earth tremors.

9 According to an Oil and Gas Authority report, it is not possible with current technology to accurately predict the probability of tremors associated with fracking.

NewsSourceCredit: NAN

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