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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.


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


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.


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