News Headline Summary

The UK government unveiled draft tax breaks for shale gas investment to drive investm,ent in shale gas production

- The new tax allowance for shale gas, which is subject to consultation for 3 months, would reduce the tax payable on income from shale production to 30% from 625 for oil and gas production, according to the UK treasury.

19 Jul 2013 - 00:02 - Energy - Source: Newswires

Subscribe Now to RANsquawk

Click here for a 1 week free trial

RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: