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Merseyside In Line For Share Of £10bn Fracking Bonanza, New Report Says

Marc Waddington, Liverpool Echo

Merseyside could be in line for a share of a £10bn bonanza from fracking sites around the region.

A new report launched today also shows up to 3,500 jobs could be created in the “Ocean Gateway” area around the region and highlights significant potential gains from shale gas production, including investment of around £945m a year during the peak years of underground shale gas extraction.

The first wells are due to be on line by 2017, the report commissioned by IGas Energy and Peel Environmental states, and there will be 300 in operation come 2031.

IGas’s chief operating officer, John Blaymires, said: “The findings of this report highlight that the Ocean Gateway region is sitting on a potential £10bn investment opportunity.

“We’re looking to develop the capacity from within the region to meet the supply chain requirements so that as many local people and firms as possible benefit from our capital investment.

“The North West has a huge opportunity to become a centre of excellence for shale gas development and technologies. Over time, local companies will be able to export those skills nationally and ultimately abroad as other nations follow Britain’s lead in developing a safe and sustainable industry.”

The Ocean Gateway area comprises Wirral, Liverpool, Cheshire and Greater Manchester, and it is expected to be one of the main fracking sites in the UK.

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