The war in Iran and the closure of the Strait of Hormuz directly affected global energy prices and renewed the calls for protection of UK consumers from geopolitical energy shocks. As the result, the debate over the domestic gas production from UK North Sea Continental Shelf intensified and whether increased production can substitute reliance on gas imports.
This project will explore the evidence on how much resources and reserves does the UK North Sea Continental Shelf hold and whether increased domestic production can materially change the production rates and influence import/export balance. The evidence will be gathered through a Rapid Evidence Assessment process of academic and policy literature, as well as publications from dedicated governmental and industry institutions.
The overarching research question which this project will address is:
What evidence is there to support the proposition that increased domestic production of gas can materially change production rates in the UK?
This research will provide evidence to better understand the role that UK NSCS can play in the domestic gas market and UK’s energy security.