Fracking: Coastal Oil and Gas Ltd backs Osborne support

6 December 2012 Last updated at 10:01 ET Help

A businessman who owns the main licence to drill for gas in south Wales, has welcomed Chancellor George Osborne's commitment to exploring new ways of plugging the UK's energy gap.

Gerwyn Williams of Coastal Oil and Gas Ltd says initial test results estimate £120bn worth of gas could be recovered in one area of south Wales alone.

But methods of extracting the gas are hugely controversial.

BBC Wales environment correspondent Iolo ap Dafydd reports.

A future for shale gas in Wales?

Read More

BBC © 2013 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.