The company had halted its operations of the controversial process of fracking in May 2011 after two minor earthquakes were reported near Blackpool.
In fracking, shale gas is forcefully extracted from rocks by pumping a mixture of chemicals, sand, and water with a high pressure in wells.
Environmentalists opine that the procedure contaminates water due to the chemicals used in the process and also results in the leakage of harmful greenhouse gas methane which pollutes the fresh air.
UK Energy Secretary Edward Davey said the extraction of shale gas could be a potential resource of energy and will reduce the country’s dependency on gas import.
"We are still in the very early stages of shale gas exploration in the UK and it is likely to develop slowly," Davey added.
"It is essential that its development should not come at the expense of local communities or the environment. Fracking must be safe and the public must be confident that it is safe."
The company is believed to have corrected its management weakness which was exposed during the tremors and is now following UK’s stringent rules regarding the water and air pollution.
The Committee on Climate Change think the production of shale gas may not reduce energy prices in the UK as expected until the rest of the European countries support shale gas production.
