Related Articles
Forward article link
Share PDF with colleagues

UK predicted to emerge as Europe's shale gas leader

Promising reserves numbers and juicy terms have lured developers. But prospectors must overcome a number of hurdles before exploration begins in earnest

Continental Europe’s unconventional gas development may have stalled but across the Channel things are moving apace. The UK should emerge as Europe’s shale gas leader. Government backing has opened a new frontier for developers. Promising reserves estimates have also lured major energy companies. Many firms have bought into existing licences.  Recent studies by the British Geological Survey (BGS) suggest there could be up to 2,415 trillion cubic feet (cf) of shale gas across northern England’s Bowland basin and the Midland Valley, in Scotland. BGS data also show that southern England’s Weald basin could hold almost 9 billion barrels of shale oil. If proved, this would triple the country’s c

Also in this section
Venezuela going for broke
16 January 2018
The Maduro government wants a new deal on its debt. Things are going to get messy
Iraqi Kurdistan sinking fast
11 January 2018
The future of the KRI's oil sector is uncertain, with the federal government determined to bring all the country's production and exports back under its wing
Iraqi Kurdistan's wrong turn
11 January 2018
Burdened by political and economic crises at home, the autonomous region faces difficult talks with a newly confident federal government in Baghdad