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Natural Gas Reserves in United Kingdom
- By Oil and Gas Author
- Published 09/2/2006
- Crude Oil Petroleum , Natural Gas Petroleum , Exploration and Discoveries , Liquefied Natural Gas LNG , Oil Field Development , Environment and Pollution , Petroleum Pipeline
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Oil and Gas Author
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View all articles by Oil and Gas AuthorThe UK produced 3.6 Tcf of Natural Gas in 2003, about the same as the previous year, but a decrease from the peak of 3.8 Tcf in 2000. The country is the fourth-largest producer of natural gas in the world, behind Russia, the United States, and Canada. The largest concentration of natural gas production in the UK is the Shearwater-Elgin area of the Southern Gas Basin. The area contains five gas fields, Elgin (Total), Franklin (Total), Halley (Talisman), Scoter (Shell), and Shearwater (Shell). Most of the leading Oil companies in the UK are also the leading natural gas producers, including BP, Shell, and Total. The major gas distribution companies in the UK, such as Centrica and BG Group, also have a presence in this production sector. Like the oil industry, smaller independents have been able to acquire some maturing assets from larger operators, who find it difficult to profitably operate these older, declining fields. Private companies control the UK natural gas sector, including production, distribution, and transmission. The largest gas distributor in the UK is now Centrica, a spin-off of the distribution assets of formally state-owned British Gas. National Grid Transeco (NGT), formed in 2002 through the merger of Lattice and former parastatal National Grid, controls the domestic gas transmission system.
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