The report, known as The UK’s Global Gas Challenge, suggested that any talk of shale gas making the UK self-sufficient again, let alone allowing significant exports, is far-fetched.
Prospect of shale gas revolution can be one of the solutions in the UK to meet domestic supply concerns, according to the report.
The Guardian quoted University of Sussex professor of energy policy and author of the report Jim Watson as saying: "Looking at the evidence base, it’s very hard to support some of the statements made both by industry and some politicians that it’s going to bring down prices, strengthen energy security or create jobs through cheaper energy any time soon. It may have an impact. But a lot depends on how fast shale develops."
In addition to looking at alternative low-carbon energy sources, the UK needs to invest in more gas storage to avoid short-term supply disruption and price inflations, the study recommended.
The researchers claimed industry and politicians have ‘overhyped’ the impact shale gas will have on energy prices and security.
