One hundred years after Welsh coal powered the British Empire, a shale gas explorer is set to be the first to float in London on the back of a gas boom in the Principality.
UK Onshore Gas, which will start drilling in June, believes that Wales is sitting on so much shale gas that it will start exporting it to the rest of the world.
Gerwyn Williams, chairman of the family-owned business, said that the Milford Haven terminal in South Wales, which imports liquefied natural gas from shippers could be reconfigured to export the fuel.
This would put Wales in direct competition with Qatar, one of the world’s biggest exporters of LNG. In 2012, 98 per cent of Britain’s imports of LNG came from the