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Centrica to invest millions of pounds in fracking

Centrica is investing millions of pounds into UK fracking company, Cuadrilla Resources.

The two groups are in advanced talks to buy Bowland Shale in Lancashire. Centrica is expected to invest at least tens of millions of pounds into the company within the next few weeks.

Centrica believes that shale has the potential to help Britain meet its energy needs.

The energy giant is not the only energy company investing in fracking. The announcement from Centrica comes just a few days after IGas Energy increased its estimate as to how much shale gas was in its reserves.

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