Substantial shale gas production in the UK could help retain and develop energy intensive industries and provide feedstock to petrochemical plants. However, the House of Lords Economic Affairs Committee’s report on the economic impact of shale gas states that “If there is no prospect that the UK’s shale gas resource will be developed within a reasonable timescale, energy intensive industry is likely to move elsewhere.”1
The House of Commons Energy and Climate Change Committee has also found that “in the US, the shale gas revolution has had a transformative impact on the manufacturing sector especially the energy intensive industries and in particular the chemicals industries.”2
Furthermore, Getting ready for UK shale gas, a report by Ernst & Young (EY), said shale gas could have a positive impact on a wide range of industries. It estimated that 64,500 jobs will be needed by the industry at peak, from energy engineers to manufacturers and office support.