Although twenty years ago, most of our gas came from North Sea supplies (the UK even exported at one point) the amount left there is rapidly dwindling. By 2020 it’s estimated that less than 10% of gas used in the UK will be from the North Sea.
The vast majority of our gas now comes from the Middle East, specifically Qatar, as well as Norway, the Caribbean and Nigeria.
Although fracking has been prominent in the news lately, there is still a long way to go before it becomes a viable source of gas for British homes, particularly with justified environmental barriers, as well as the technological barriers.
Optimistic estimates put the amount of gas available at 20 trillion cubic feet, though this is only enough to last the UK for 2 years. The bottom line is that gas prices will continue to rise over the long term, especially with China and India demanding more to fuel their growing economies.
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