What can liberate UK shale gas – regulation, reward, or reassurance?

In less than a decade, shale gas development has seen the US revert from a significant natural gas importer to a potential net exporter, and US natural gas prices have plunged, falling well below half of their level in 2008. In view of this, the news of large-scale shale deposits in the UK has been greeted with much hope that shale gas development could be the answer to replacing the dwindling supplies of North Sea gas but its environmental impact still needs consideration, writes Scott Flavell and Ted Hopcroft – energy and regulation experts at PA Consulting Group.

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