Log in
Login
Password
Remember
Lost password
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Centrica PLC    CNA   GB00B033F229

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Centrica: Shale Gas Won't Transform UK Energy

05/03/2012 | 11:47am US/Eastern

The U.K.'s shale gas resources could prove to be important, but they won't totally transform the energy landscape in the U.K., said Mark Hanafin, managing director of the energy production division of U.K. utility Centrica PLC (>> Centrica PLC) Thursday.

"U.K. shale production--I think it's important and we should develop it, but I don't think it's going to be a game changer," Hanafin told reporters on the sidelines of the Petrostrategies conference in Paris.

"I don't think it changes the British government's desire, which is the right one, to have a very diversified energy mix. That means nuclear, it means gas, it means renewables," he said.

Centrica, and its partner Electricite de France SA (>> EDF), are still talking to the U.K. government about ways to support and minimize the risk of investment in a fleet of new nuclear power stations, Hanafin said.

There is a lot of work still to do before the final decision to build new plants can be taken at the end of this year, he said.

-By James Herron; james.herron@dowjones.com; +44 207 842 9317

Stocks mentioned in the article : Centrica PLC, Centrica PLC, EDF
React to this article
Latest news on CENTRICA PLC
02/06 CENTRICA : Pounds 3k boost for hospice
02/06 CENTRICA : agrees to sell wind farms for Pounds 423m
02/06 CENTRICA : sells wind farm
02/06 CENTRICA : Farmed out
02/06 CENTRICA : Farmed out
02/05DJCENTRICA : Sells Interests In Two Wind Farms
02/05 Centrica, EIG sell UK wind farms to Green Investment Bank, BlackRock
02/05 CENTRICA : Books GBP115 Million In Proceeds After Selling Wind Farms
02/03 CENTRICA : British Gas jobs to go
02/03 CENTRICA : British Gas proposes reduction in roles, implementing strategy
Advertisement
News chart
Full-screen chart
Income Statement Evolution
More Financials