LNG

Sept 20 (LNGJ) - IGas Energy of the UK, one of the leading shale-gas and hydrocarbon companies for onshore Britain, posted first-half earnings of £8 million ($10.8M) compared with a loss of £25M in the same six-month period of 2016. “Momentum in UK shale activity continues to increase with Cuadrilla now drilling its first well at Preston New Road, Third Energy expecting to start hydraulic fracturing at its KM8 well in North Yorkshire in the next few months and Ineos having submitted further applications for shale appraisal,” said Stephen Bowler, IGas Chief Executive. “We will shortly commence site construction at our two sites in North Nottinghamshire,” added Bowler. “In the North West, we have applied to conduct further tests on our site at Ellesmere Port and we are developing applications for appraisal and flow testing in both the North West and the East Midlands,” he said.