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Exploring gas options will cost government very little

Thu, 12 Jun 2014

Determining to what level there are hydrocarbons in Manx territorial waters is somewhat of a 'premature' issue.

That's according to the Department of Economic Development which is currently looking for someone to undertake a 3D seismic study to provide further data.

It's estimated that there is around a 90 per cent probability of gas deposits which could generate revenue of around £100 million.

Minister John Shimmin says work to explore the idea will come at little cost to government:

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• John Shimmin MHK