Exploration & Production

UK demand outlook may stymie shale development

A recent research note from Global Gas Analytics suggests UK gas demand will fall to 2030 while overall European demand is unlikely to grow significantly. This makes large-scale development of UK shale unlikely A recent research note from Global Gas Analytics suggests UK gas demand will fall to 2030 while overall European demand is unlikely to grow significantly. This makes large-scale development of UK shale unlikely.
By Peter Stewart 5 February 2018 0 29427
Demonstrators erect a seven meter high 'fracking rig' as they call for a ban on exploration and development of shale gas in the UK, outside the Houses of Parliament, London. Attempts to exploit abundant shale reserves have been stymied by public opposition to hydraulic fracturing. (PA)

Despite the widespread expectation of a growing role for gas as a bridging fuel in the transition to a low-carbon energy system, a recent Global Gas Analytics research note suggests a greater use of renewables for power generation will limit the scope for gas demand growth.

“Europe’s gas demand is likely to be broadly flat or to decline between now and 2030,” the research note said. “The UK government has set a date of 2025 for the closure of the country’s coal-fired power generation....