•  
  •  
  •  
  •  
  •  
  • Untitled Document
    Untitled Document

    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.

    Did You Like This Article?

    Get a free subscription to Oil & Gas Financial Journal.

    Related Articles

    US companies consolidate core areas while North Sea sales gain traction

    10/09/2014 PLS reports that after four straight months with deal totals in the $6-12 billion range, US upstream markets took a late-Q3 breather during August 17 to September 16, 2014 with $2.2 billion transac...

    Oilfield equipment rental market worth $53.7B by 2019

    09/02/2014 The market study "Oilfield Equipment Rental Market by Drilling Equipment (Drill Pipe, Drill Collars, Heavy-Wate, Drill Subs), Pressure & Flow Control Equipment (BOP, Valves & Manifolds...

    Transformational technology

    08/11/2014

    Unconventional resources have transformed the North American oil and gas industry and have enabled the United States to get closer than ever to energy self-sufficiency.

    Embattled Brent

    08/11/2014

    Uneasy is the head that wears the crown. This phrase - famously penned by William Shakespeare for the play Henry IV - is surprisingly relevant when discussing today's crude oil markets.

    Shale advances in several countries

    07/18/2014 By 2019, tight oil supply outside the United States could reach 650,000 barrels per day, including 390,000 b/d from Canada, 100,000 b/d from Russia, and 90,000 b/d from Argentina, according to a ne...

    More Oil & Gas Financial Articles

    US companies consolidate core areas while North Sea sales gain traction

    Thu, Oct 9, 2014

    PLS reports that after four straight months with deal totals in the $6-12 billion range, US upstream markets took a late-Q3 breather during August 17 to September 16, 2014 with $2.2 billion transacted in 25 deals.

    Oilfield equipment rental market worth $53.7B by 2019

    Tue, Sep 2, 2014

    The market study "Oilfield Equipment Rental Market by Drilling Equipment (Drill Pipe, Drill Collars, Heavy-Wate, Drill Subs), Pressure & Flow Control Equipment (BOP, Valves & Manifolds), Fishing Equipment and Other Equipment – Global Trends and Forecasts to 2019" published by MarketsandMarkets, defines and segments the market with regional forecast and segment revenue estimates through to 2019.

    Transformational technology

    Mon, Aug 11, 2014

    Unconventional resources have transformed the North American oil and gas industry and have enabled the United States to get closer than ever to energy self-sufficiency.

    Embattled Brent

    Mon, Aug 11, 2014

    Uneasy is the head that wears the crown. This phrase - famously penned by William Shakespeare for the play Henry IV - is surprisingly relevant when discussing today's crude oil markets.

    Shale advances in several countries

    Fri, Jul 18, 2014

    By 2019, tight oil supply outside the United States could reach 650,000 barrels per day, including 390,000 b/d from Canada, 100,000 b/d from Russia, and 90,000 b/d from Argentina, according to a new report from the International Energy Agency dated June 17.

    Most Popular

    Oil & Gas Jobs

    Search More Job Listings >>
    Subscribe to OGFJ