Insight

UK energy exports and shale gas: aspiration or pipedream?

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15 September 2022

UK energy exports and shale gas: aspiration or pipedream?

Report summary

The UK’s new Prime Minister, Liz Truss, has announced an energy plan targeting net energy exports by 2040. The plan includes lifting the ban on hydraulic fracturing in unconventional shale plays in England and offering a new offshore licensing round this year. In this insight we answer the following questions: Will lifting the shale ban have a material impact on gas supply? Will there be appetite for a new offshore drilling round? Could the UK become a net exporter of energy by 2040?

Table of contents

    • Will lifting the shale ban make a big difference?
    • This is not international shale’s first rodeo
    • The ban was just one of the commercial hurdles
    • Will there be appetite for a new offshore licensing round?
    • Could the UK become a net exporter of energy by 2040?

Tables and charts

This report includes 5 images and tables including:

  • UK liquids supply and demand outlook
  • UK gas supply and demand outlook
  • UK Bowland-Hodder Shale Map including licenced areas
  • Volumes discovered by round v number of wells
  • UK energy production by source (AET-1.5 outlook)

What's included

This report contains:

  • Document

    UK energy exports and shale gas: aspiration or pipedream?

    PDF 1.57 MB