Monday, March 5

Shale gas fracking in WA gains nod, AWE, Norwest Energy, Transerv to benefit




Western Australian Environment Minister Bill Marmion has given the green light for fracking of shale gas wells after months of uncertainty for oil and gas companies.

The minister has effectively backed the oil and gas industry and rejected the appeals against onshore gas exploration for four proof-of concept proposals that will use hydraulic fracturing to test the potential for commercial flows of gas from shale and tight gas resources in the State's Mid West region.

The US Energy Information Administration has assessed Australia as having the world's fifth largest shale gas potential.

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