City AM: Shale to boost jobs across the supply chain
The UK’s burgeoning shale gas industry will create tens of thousands of jobs and billions of pounds worth of investment across the supply chain, according to a new report set to be published this week.
The study, commissioned by the UK Onshore Operators Group and undertaken by EY, is expected to warn that the country needs to shore up its equipment and staff training to fully capitalise on its potentially lucrative shale gas resources.
It is thought that the report’s findings will be broadly in line with an Institute of Directors (IoD) report – commissioned by Cuadrilla – which was published last year. The IoD report predicted that investment into the UK’s shale gas industry could peak at £3.7bn a year during the peak production phase, supporting 74,000 jobs.