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British Gas owner Centrica in talks to buy shale fracking stake

2013-06-07 09:16:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: The British Gas owner Centrica is in talks with Britain's leading fracking company about buying a stake in its most promising acreage just months after playing down the prospects for shale gas. Sources have confirmed to the Guardian that discussions are ongoing between Cuadrilla Resources and Centrica over the sale of a stake in the Bowland shale in the north-west of England. A second shale operator, IGas, said earlier this week that estimates of its resources were considerably higher than...

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