Igas Energy PLC Response to Written Ministerial Statement (4435O)
May 17 2018 - 5:40AM
UK Regulatory
TIDMIGAS
RNS Number : 4435O
Igas Energy PLC
17 May 2018
17 May 2018
IGAS Energy plc ("IGas" or the "Company")
Response to Written Ministerial Statement
IGas welcomes the Government's support and commitment to our
industry as laid out in the Written Ministerial Statement ("WMS")
from the Department of Business, Energy and Industrial Strategy and
the Department for Housing, Communities and Local Government
today.
The statement itself constitutes a material consideration in
planning decisions and reiterates that shale gas development is of
national importance. Government will publish revised planning
practice guidance on shale development in the summer alongside the
launch of a consultation that will consider allowing exploration
wells to be drilled under permitted development (i.e. without the
requirement of a planning application) and consult on the inclusion
of shale production projects into the Nationally Significant
Infrastructure Projects regime.
The full text of the WMS can be found at
www.parliament.uk/business/publications/written-questions-answers-statements/written-statement/Commons/2018-05-17/HCWS690.
Commenting Stephen Bowler, CEO, said:
"This is a significant joint statement from Government and we
welcome the Government's commitment to pursue safe, secure and
affordable supplies of energy.
Gas is used to heat over 80% of homes and by over 60% of the
UK's population for cooking. Whilst renewable sources of energy are
increasingly producing a greater share of our electricity, gas
still provides nearly half.
We currently import 50% of our gas requirement at a significant
financial cost to the UK taxpayer -over GBP13 million a day - and
that figure is set to rise to almost 80% by 2035.
Gas has a key role to play to ensure our future energy supply is
secure, affordable and as low carbon as is economically
possible."
For further information please contact:
IGas Energy plc
Tel: +44 (0)20 7993 9899
Stephen Bowler, Chief Executive Officer
Julian Tedder, Chief Financial Officer
Ann-marie Wilkinson, Director of Corporate Affairs
Investec Bank plc (NOMAD and Joint Corporate Broker)
Tel: +44 (0)20 7597 5970
Sara Hale/Jeremy Ellis/Neil Coleman
Canaccord Genuity (Joint Corporate Broker)
Tel: +44 (0)20 7523 8000
Henry Fitzgerald-O'Connor
Vigo Communications
Tel: +44 (0)20 7830 9700
Patrick d'Ancona/Chris McMahon
This information is provided by RNS
The company news service from the London Stock Exchange
END
RSPBGGDUBXBBGIR
(END) Dow Jones Newswires
May 17, 2018 06:40 ET (10:40 GMT)
Igas Energy (LSE:IGAS)
Historical Stock Chart
From Apr 2024 to May 2024
Igas Energy (LSE:IGAS)
Historical Stock Chart
From May 2023 to May 2024