The research suggests previous estimates that the UK had 50 years' worth of reserves at current demand was wrong and that it in fact has less than 10 years' worth.
The turmoil in Westminster will be a key talking point at the 2019 Utility Week Energy Summit, including how future policy is likely to affect investment in utilities. Nigel Hawkins reports
Energy minister Claire Perry has insisted the UK will be reliant on gas for the foreseeable future, and defended the often-villainised process of fracking to produce that gas.
Ed Davey has branded “deeply alarming” Claire Perry’s description of shale gas as “low carbon energy” after the government unveiled moves to “fast track” planning approval for onshore extraction of the fuel.