UK's 'vast' shale gas stash could slash Europe gas prices
The UK has vast shale-gas reserves that could cause domestic and European natural gas prices to tumble, according to a new report, due for release in the next few months. Helen Robertson reports
Helen Robertson, Vienna: The UK has vast
shale-gas reserves that could cause domestic and European
natural gas prices to tumble, according to a new report, due
for release in the next few months.
Gordon Pickering, a director of Navigant Consulting's
energy practice in the US, told Petroleum Economist
that the company had been commissioned by the UK's Department
of Energy and Climate Change (DECC) to assess the country's
shale-gas resource potential.
Pickering declined to state the exact figure the consultancy
had given DECC in the report, but said the government was
reviewing it and the results would be released within the next
"This is potentially a very significant resource in the UK.
Compared to other countries in Europe there is a better chance
of things moving forward in unconventional gas," Pickering
said. "It's very promising and I'm very excited about the
resources in the...
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