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    UK National Grid predicts UK shale gas could meet third of demand by 2030s

    The UK’s National Grid believes that a third of Britain's gas needs could come from its own shale gas by the early 2030s if government policies and economic growth allow firms to invest in gas exploration, Reuters reports.

    The potential production figure is part of the British grid operator's “Low Carbon Life” scenario, one of four potential scenarios in its "UK Future Energy Scenarios" published July 10.

    National Grid predicted that, under a “Gone Green” scenario, with a strong economy and tougher environmental regulations, British shale production could be 14.2 billion cubic meters (bcm) by 2030, and under a “Slow Progression” scenario, with a weak economy, shale gas production could be just under 5.7 bcm.

    Under each of National Grid's scenarios, UK Continental Shelf production, which currently supplies around half of the country's gas demand, peaks in 2017, at under 40 bcm.

    Reuters noted that National Grid compiles its future energy scenarios annually to help it reach investment decisions on new infrastructure projects and to inform the government.

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