INEOS completes deal to become UK’s third largest shale gas company

INEOS has today announced it has completed the deal with IGas, announced on the 10th of March, making it the UK's third largest shale gas company.

In Scotland, INEOS will acquire IGas’s entire interest in PEDL 133 (the Grangemouth licence) which will give the company 100% ownership of this asset.

The PEDL 133 licence covers 329 square kilometres of the Midland Valley of Scotland which includes INEOS’s Grangemouth refining and petrochemical complex and the area around it.

Publication date: 

Thursday, May 7, 2015