UK currently has very high gas demand and relies heavily on imported gas to generate electricity for homes and businesses. Dart Energy is working to explore and develop domestic unconventional gas resources across a number of areas in the UK.
The UK has the largest and most mature gas market in Europe. Natural gas forms a key part of UK's energy supply with high gas demand to generate electricity of homes and businesses.
The UK was a significant gas producer but production peaked in 2000 and is now in rapid decline. By 2020, the UK may only be able to meet 27% of its demand from domestic natural gas production. The shortfall has been made up by imports of piped gas, particularly from Norway and Netherlands and supplemented with LNG. The UK has gone from being a net gas exporter in 2003 to being dependent on imports for 40% of its needs in 2010. Currently, gas imports from Europe are heavily relied on to supplement domestic production.
Dart Energy is working to explore and develop domestic unconventional gas resources across a number of areas in the UK.
Dart Energy's strategic themes for the UK:
Commercialise significant volumes of already identified CBM resources and supply gas into the National Gas Transmission System ("NTS") pipeline Identify prospective shale gas basins across the UK and develop and execute a shale exploration and appraisal program