Despite Lancashire County Council deferring a decision at the start of 2015 for fracking to take place in the Fylde countryside between Blackpool and Preston, drilling down for shale gas in these locations will eventually happen.
This is according to the man at the helm of Cuadrilla; the oil and gas firm behind fracking controversies in the UK.
Speaking at the annual Roundhouse-sponsored Business of Lancashire conference last month, Cuadrilla chief executive Francis Egan spoke about his hopes for fracking to take place in Lancashire, albeit at a slower rate than initially planned.
He said: “As a British company, we are delighted to be leading the development of a shale gas industry in the UK and in particular in Lancashire. We are confident it will happen although it has taken longer than envisaged. There is a risk that if we don’t start exploration soon some operators may look elsewhere. However, the UK is best-placed to lead Europe on shale gas in terms of regulation, experience and geology.”
Egan was also quick to point out the benefits fracking has had in America. He added: “Fracking supports more than 2.1 million American jobs and will save the average American household $3,500 per year in energy bills by 2025. Affordable domestic natural gas has been essential in rejuvenating the chemical, manufacturing, and steel industries in the US.”
You can read more about the future of fracking in Lancashire in the full article on Insider Media here.