Ministers have said that the discovery of shale gas across the UK will help bring windfall for the country as the government gets serious about extracting shale gas.

The British Geological Survey has said that there are shale gas reserves in Sheffield, Barnsley, Rotherham and Doncaster. Reserves have also been discovered around Manchester, the south of Nottingham, Harrogate, York and Scarborough. Communities will receive at least £100,000 for each well where fracking takes place for the extraction.

The estimates from the British Geological Survey have shown that more than 1,300trillion cubic feet of shale gas might be stored under the North of England alone. Experts said that if only 10 per cent of the gas is recovered, then it will be enough to provide power to the UK for a period of 5 decades. The BGS said that the estimates show that northern England might have 1,329trillion cubic feet of shale gap.

According to estimates, the UK Treasury could rake in as much as £80billion windfall form the Shale gas fracking projects in the country. The Prime Minister has said that the gas from shale gas extraction has helped bring a boom in production the US and resulted in a fall in process. He said that the same could be possible in the UK.