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    The Telegraph: French energy giant Total considering bidding for rights to explore for shale gas in Britain

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Summary

French major Total SA is looking to buy rights to explore shale gas in Britain but "frustrated" by a lack of information on a licensing round to be held next year.

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The Telegraph: French energy giant Total considering bidding for rights to explore for shale gas in Britain

French energy giant Total is considering bidding for rights to explore for shale gas in Britain and is "frustrated" by a lack of information on a licensing round to be held next year.
 

The company is also understood to have held talks with several companies about buying a stake in their existing exploration blocks in the UK.

The enthusiasm of one of the world's biggest energy companies to join the search for UK shale is the latest sign of the nascent industry's growing momentum following the £160m deal for British Gas owner Centrica to buy a 25pc stake in Cuadrilla's Bowland shale licence area.

Ministers are preparing to unveil details of incentives for communities affected by fracking in a further attempt to encourage swift exploration of Britain's shale resources, which they believe have the potential to provide an important new source of gas to the UK.

Total is understood to have held talks with Cuadrilla over buying into its licence but is now focusing on other opportunities.  MORE

 

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