UK shale gas reserves up to 80% lower than previously thought
Controversial fracking in the UK could be doomed after a study found that the amount of gas it produces could be significantly lower than previously thought.
Estimates that Britain had the equivalent of enough gas to supply the UK for 50 years were seized on by politicians including former Prime Minister David Cameron.
He said Britain should ‘get fracking’ and that Britain was sitting on 1,300 trillion cubic feet of gas – around the same amount of gas as in the North Sea.
New estimates based on lab analysis of actual shale rock suggest there may be less than 10 years’ worth of gas at current levels of demand, at 150 trillion cubic feet.
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