Finding our own gas instead of paying for costly imports should be a no-brainer, but some people seem to be too squeamish, or too ideologically obsessed, to accept such realities.
In the week that saw three tankers of Liquefied Natural Gas (LNG) arrive into the UK on the same day, Cuadrilla has announced that is has succeeded in flowing gas to the surface from the first of two horizontal wells to be hydraulically fractured (fracked) at its Preston New Road site in Little Plumpton, reports Lancashire for Shale.
“This is fantastic news, and a real credit to the expertise and tenacity of Cuadrilla and its partners, proving that it is possible to safely recover gas from the rich shale deposits beneath our feet,” said Lee Petts, Chair at Lancashire For Shale.
“Earlier this week, we saw three LNG cargoes land into the UK on the same day, two of which were fracked shale gas from the United States. There is no justification for remaining so reliant on imports of costlier, less secure and higher emission LNG from abroad when we are sitting on a vast untapped source of our own gas here in Lancashire.
“The news that Cuadrilla has been able to produce gas to the surface sets the scene for the future development of a successful new industry, and will be welcomed by the business community for the benefits it will bring to the local economy.”
Between 2011, when fracking to release gas trapped in shale rock was last performed in the county, and 2017, the UK imported over 1 million gigawatt hours (GWh) of LNG or 3,430,929,186 MMBtu. At an average of £5.39 per MMBtu those imports will have cost almost £18.5 billion over seven years.
Full report here.
via Tallbloke’s Talkshop
November 2, 2018 at 01:57PM