Cuadrilla's Shale Gas Wells Given a Reprieve Ahead of New UK Strategy

The British government has said it will publish a new energy strategy that would bolster its domestic supplies in an effort to shield the country from surging prices.

Muvija M, Reuters

British fracking company Cuadrilla said a notice ordering it to plug and abandon two shale gas wells had been lifted, giving it until mid-2023 to evaluate whether it could extract gas safely and provide an alternative energy supply.

Announcing the regulator's decision to lift the ban just days before the British government is expected to set out a new energy supply strategy, Cuadrilla said it would temporarily plug the wells in northwest England and consider its options.

Already have an account? Log In

Sign up for FREE access to view this article now!

Unlock Free Access