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Monday, January 28, 2013

Financial Benefits From Shale Gas Are Not Coming Soon

The President of the Atlantica Centre for Energy says this province needs the right regulations for a potential shale gas industry and a regime for royalties.

John Herron tells CHSJ News there will be no test wells drilled in the province this year.

He says from a commercial perspective there is no shale gas industry in this province today, there won't be next year and probably not the year after that adding we are a few years out.

When and if shale is found, Herron says this province can become like 24 other jurisdictions in North America by developing their natural gas resources from shale.