New UK prime minister Liz Truss has lifted a ban on fracking
UK shale drillers hope for rebirth
The new administration’s lifting of a fracking moratorium is cause for renewed optimism
UK chemicals firm Ineos has repeated its offer to drill a test shale gas well after the country’s new prime minister, Liz Truss, removed a fracking ban. Independent producer Igas also welcomed the move as the UK shale industry seeks revitalisation. Ineos chairman Jim Ratcliffe first made the test well offer in a national newspaper op-ed in April. “Shale has helped transform the energy landscape and the local communities in the US, [which] is well protected against the energy crisis as it is making the most of its natural resources. It can do the same here in the UK,” says Ineos director Tom Crotty. “We have promised to invest the first 6pc of the value of the gas back into the local communit
Also in this section
15 April 2025
Australia’s East Coast Gas projections for a supply shortfall have been pushed further out, but the challenge to meet evolving gas demand and the shifting assumptions around the fundamentals remain just as stark
15 April 2025
Long-delayed prospects for onshore LNG production in Mozambique have improved thanks to US financing approval, but security challenges blight way ahead
14 April 2025
US consumers are not likely to see gasoline prices fall to Trump’s ‘beautiful number’, at least if the president also wants to encourage more drilling
11 April 2025
The Gulf state’s offer to supply electricity-starved Syria is an opportunity to support a key ally, but Doha’s ambitions to build broader pipeline networks to Turkey and Europe face challenges
