UK SHALE gas resources may be twice as large as previously anticipated, according to a new report by the British Geographical Survey.
The BGS was asked to estimate how much trapped gas there is under Lancashire and Yorkshire.
It said that there could be 1,3000 trillion cubic feet at one site alone, but it is not clear how much of this could be extractable.
The Department of Energy and Climate Change will today announce plans to encourage shale gas exploration, expected to include compensation for communities that are near fracking sites. Osborne said tax and planning changes would support £100bn of investment in energy.
Critics of shale gas argue that the ‘fracking’ process used to obtain the gas can cause earth tremors and want investment in green energy instead.