Germany 'to approve fracking in 2015'

In a bid to move away from a dependence on Russian energy imports, Germany is set to allow fracking operations throughout the country. In a move that will see the country become more competitive with the US energy market, Germany will lift its ban on fracking as early as next year.

Once the ban is no longer in place, companies wishing to frack the estimated 2.3 trillion cubic metre shale reserves will be able to make an application to begin operations. All applications will have to undergo an environmental impact assessment, due to new legislation. The new rules are due to be discussed and confirmed by the cabinet before the summer recess.

The move to allow fracking in Germany is sure to be controversial. The decision follows on from long debates within the ruling coalition, with many concerned over the environmental impacts the practice of hydraulic fracturing could have on the country. However, Germany is keen to reduce its dependence on Russia for energy.

Manufacturers in the country and energy companies have been eager for changes to legislation that will allow fracking to take place. Much of this is due to the fact that the US has managed to provide large amounts of cheap energy due to its adoption of the technology. The savings would be welcomed by companies, which have struggled with the increasing cost of subsidised renewables.

Information on the new regulations was detailed in a letter to the head of the Bundestag budget committee, written by German economy minister, Sigmar Gabriel. According to the letter, those wishing to frack would have to get approval from regional water authorities. Other rules and requirements are still being considered.

Although Germany's shale gas reserves are considerably smaller than those of Poland and France, they could still provide long-term supply of energy to the domestic market. This could make power much cheaper for homes and businesses.

You may also want to look at the Pro's and Cons of fracking for more information on this story.