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Thu Dec 13, 2012, 05:09 AM

Gas fracking: Ministers approve shale gas extraction

The government has given the go-ahead for a firm to resume the controversial technique known as fracking to exploit gas in Lancashire.

Conditions have been imposed to minimise the risk of seismic activity.

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But government advisers warn today that shale gas may be unlikely to bring down energy prices much in Britain.

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The UK won't benefit from substantially lower prices unless the rest of Europe decides to back shale gas too, as Europe has a gas grid that allows gas to be traded to the highest bidder.

http://www.bbc.co.uk/news/uk-20707574

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