Fracking could cut Britain’s gas imports to zero by early 2030s 

Posted: March 12, 2019 by oldbrew in Energy, Shale gas, fracking
Tags: , ,

Credit: mygridgb.co.uk


H/T The Global Warming Policy Forum (GWPF).

The numbers can be debated, but the point that there is an economic opportunity in front of the UK is clear. Take it or ignore it?

LONDON (Reuters) – Fracking Britain’s shale gas reserves could cut the country’s imports of gas to zero by the early 2030s, an industry group said on Monday.

Britain currently imports more than half of its gas via pipelines from continental Europe and Norway and through shipments of liquefied natural gas from countries such as Russia, the United States and Qatar.

Environmental groups strongly oppose the practice of hydraulic fracturing, or fracking, which involves extracting gas from rocks by breaking them up with water and chemicals at high pressure.

But the British government, keen to cut Britain’s reliance on imports as North Sea gas supplies dry up, last year gave Cuadrilla permission to frack two wells at its Preston New Road site in Lancashire.

Industry group United Kingdom Onshore Oil and Gas on Monday published updated forecasts for the county’s shale gas potential in the wake of recent data from Cuadrilla’s sites.

The forecasts for well productivity were increased by 72 percent to 5.5 billion cubic feet (bcf) per lateral well, compared with estimates made in 2013 by Britain’s Institute of Directors.

One hundred fracking well pad sites, each with 40 lateral wells could produce almost 1,400 bcf a year by the early 2030s, equivalent to the gas use of 35 million homes, the industry association report said. This would be more than the country needs as it has around 27 million households.

Full report here.

Comments
  1. […] via Fracking could cut Britain’s gas imports to zero by early 2030s  — Tallbloke’s Talkshop […]

  2. ivan says:

    Now all they have to do is get the department of silly walks business, energy and industry to stop being stupid with regulations and learn what a logarithmic scale is, and allow them to get on with it.

  3. oldbrew says:

    LATEST NEWS: 11TH MARCH, 2019

    CUADRILLA REMOBILISES KIT TO PRESTON NEW ROAD AS UK SHALE FORECASTS AND GAS IMPORTS RISE

    The UK’s leading shale gas exploration company remobilised a range of specialist kit onto its flagship Lancashire fracking site today as new financial forecasting revealed the industry could create billions of pounds in economic benefits and thousands of new jobs.

    Cuadrilla, which is based in Bamber Bridge, Lancashire, delivered a range of specialist equipment onto the shale gas exploration site in Preston New Road, near Blackpool, designed to get two existing wells ready for further hydraulic fracturing later this year. At this stage the equipment being mobilised does not including hydraulic fracturing pumps.

    The operator, which is leading the way in establishing a new industry and domestic gas supply for the UK, said latest forecasts using flow test results from Preston New Road in January 2019 clearly identified the size of the opportunity for the UK.

    Chief Executive Officer Francis Egan said: “The latest forecasting is clear about this opportunity. Based on our early well results as published in January, estimates now show the UK could reduce its dependency on imported gas by 50 per cent with just 60 sites, create £1.8bn in community benefits and up to 64,000 jobs by 2035. In addition the supply chain could benefit by up to £33bn. This is all achievable by simply investing in natural shale gas, establishing an energy policy that supports its development as part of a diverse energy mix and ensuring this significant resource is brought out of the ground to deliver these enormous benefits for everyone.” [bold added]

    https://cuadrillaresources.com/media-resources/press-releases/cuadrilla-remobilises-kit-to-preston-new-road-as-uk-shale-forecasts-and-gas-imports-rise/

    The CEO also said: “Consider also the alternative. Just last week, latest figures from Government revealed our reliance on LNG imported from Russia had risen dramatically in 2018 and now makes up about 20 per cent of all imported LNG into this country. This is an increase of about 20 per cent compared to 2017.”

  4. stpaulchuck says:

    the anti fracking mob is funded by OPEC, and particularly Russia with regards to Europe. It’s already costing them billions in lost revenue from supply competition driven price drops. If Britain and Europe went after their own stocks of oil and gas they’d have billions for their welfare states to toss about while poking Russia and the sand savages in the economic eyes.

    Even with Venezuela out of action the delivered price has remained stable. The US is a net exporter these days and ramping up production to Arab levels. If Europe comes on line it’ll be a new day in terms of energy blackmail. Thus, the vested interests and bought men are trying anything to stop it.

  5. oldbrew says:

    The ‘low-carbon’ heating systems proposed are known to be inferior to proper CH, but…

    Hammond says gas heating will be replaced by low-carbon systems

    Gas boilers will be replaced by low-carbon heating systems in all new homes built after 2025 in an attempt to tackle the escalating climate crisis, the chancellor Philip Hammond said today.

    In his spring statement Hammond said new properties would use alternative systems, such as heat pumps, instead of gas to help the UK reduce its carbon emissions.

    However, Hammond appeared to row back on implementing the full recommendations from the government’s advisory committee on climate change last month, which called for new homes to have no gas for cooking or heating from 2025.

    https://www.msn.com/en-gb/news/uknews/hammond-says-gas-heating-will-be-replaced-by-low-carbon-systems/

    ‘Subsidies’ spring to mind :/

  6. ivan says:

    oldbrew, I think the answer to all the stupid recommendations from the government’s advisory committee on climate change is for all the members of that committee to live for at least a year under the conditions they propose in a closed community. At the moment non of their recommendations have any effect on them they are all virtue signalling but the population have to suffer for that.

  7. oldbrew says:

    U.K. SHALE GAS POTENTIAL SEEN AS GOOD AS THE BEST IN THE U.S.
    Date: 13/03/19 Bloomberg

    Britain’s shale gas production has the potential to be as good as the best performing shale basin in the U.S., the Marcellus Formation.

    https://www.thegwpf.com/u-k-shale-gas-potential-seen-as-good-as-the-best-in-the-u-s/
    – – –
    But let’s mess about with over-the-top restrictions and rules instead :/

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