UK energy exports and shale gas: aspiration or pipedream?
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?