Following the discovery of shale gas by Cuadrilla in the Blackpool area earlier this month, the implications continue to be weighed.
The company claims to have discovered a reservoir of gas that is significantly larger than was expected.
If confirmed, this will make it the biggest in the world and could have a major impact on the UK’s energy strategy.
In the meantime, geologists are questioning the accuracy of the find, which is the result of two exploratory wells.
The experts have said that hundreds of wells will be required to accurately verify the discovery, which is estimated to be around 200 trillion cubic feet by Cuadrilla.
There are further discussions on how the gas will be accessed.
In the meantime, environmental groups have voiced concerns over the impact this will have on the local area and on the health of those living nearby.
With the prospect of cheap fuel and the potential creation of thousands of jobs, however, it seems likely that every encouragement will be given to develop the project in the future.
A report by the Guardian newspaper last week stated that no government body has overall responsibility for regulating or overseeing the fracking process, which will be used by Cuadrilla to extract the shale gas.