UK's offshore shale gas a North Sea lifeline
The country's vast reserves could revive ailing production and sidestep the public's opposition to fracking, writes Helen Robertson
THE UK's vast offshore shale gas reserves could revive
ailing North Sea gas production and sidestep public opposition
to hydraulic fracturing. But high development costs and the
possibility of cheap gas imports from the US mean offshore
shale production won't be happening in the UK any time soon.
"It has the potential to revive North Sea hydrocarbon
developments and put the UK in a leadership position on the
technological side," Claudia Belahmidi, an analyst at IHS, told
Petroleum Economist. "It could have great potential
economically for the UK, if it was to pioneer the technology,
in the same way that the UK has a leadership position in
offshore wind." There has been heated debate in the UK about
whether the government should allow the country's onshore shale
gas reserves to be developed. Some ecologists fret about the
impact of fracking on the landscape, voicing concerns similar
to those raised in...
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