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‘Significant shale production’ could see UK prices fall by 28%

UK gas prices could fall by 28% by 2030 if shale production in the UK and continental Europe is significant over the coming decades, according to a report prepared for the UK’s DECC by Navigant Cons UK gas prices could fall by 28% by 2030 if shale production in the UK and continental Europe is significant over the coming decades, according to a report prepared for the UK’s DECC by Navigant Cons
By Tom Hoskyns and Jason Torquato 18 July 2013 0 2842
For UK prices to fall, existing supply flexibility must remain in place, including LNG deliveries. (Dragon LNG)

UK gas prices could fall by 28% by 2030 if shale production in the UK and continental Europe is significant over the coming decades, according to a report prepared for the UK’s Department of Energy and Climate Change (DECC) by Navigant Consulting.

Following the release of a study by the British Geological Survey that shows there could be 40 trillion cubic metres of shale gas resources in England alone, the impact of these reserves on the UK’s gas prices has been a hot topic.

If the UK...