Why the oil price crash may have killed off fracking in Wales for decades

‘Fracking in Wales is unlikely to happen for at least a decade and arguably much longer, experts say.

With the oil price plunging across the world and significant political opposition in Wales, it is thought the prospect of exploiting the shale gas and oil beneath South Wales is vanishing.

It was revealed last week that Eden Energy, which owned 50% of the rights to exploit the shale beds in South Wales, has sold its share for a £1, plus a royalty if petroleum is ever produced.

The sale was announced to the stock market in Australia where the Perth-based firm is listed.’

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