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UK’s shale gas resources might be huge, IGas claims

The debate regarding the future of shale gas exploration is far from over, and now, one of the companies actively involved in drilling and exploration activities, IGas, claims that UK’s gas reserves might actually be large enough to last for decades.

According to a news report on this matter, the area licensed to IGas for exploration, set across 300 sq miles in Cheshire, northern England, might actually hold up to 170 trillion cubic feet of gas.

Although the company’s initial estimates for this areas were set in the vicinity of nine trillion cubic feet of shale gas, IGas now estimates that the volume of “gas initially in place” could range from 15.1 trillion cubic feet to 172.3 trillion cubic feet – nearly 20 times more.

And given the fact that the UK’s annual gas consumption is currently about 3 trillion cubic feet, “our estimates for our area alone could mean that the UK would not have to import gas for a period of 10 to 15 years”, IGas chief executive Andrew Austin declared. Furthermore, Mr. Austin added that shale gas exploration might also lead to the creation of up to 40,000 jobs in the area, which would really be an important boost for an otherwise economically-deprived region.

On the other hand, it’s still not quite clear just how shale gas exploration will affect the actual gas prices and bills, and for this reason, it’s always a very good idea to start investing in a solution that will make an immediate and visible difference in terms of energy bills, namely HeatingSave.

The HeatingSave system will help you thoroughly optimize energy consumption levels across the buildings on your site, and thus also significantly cut bills, by up to 30%+.

Fully scalable from a single building to a large international network of multi-site businesses with multi-boiler heating/cooling systems, HeatingSave can efficiently and cost effectively manage and reduce your energy-related costs, as well as alerting you via email or SMS messaging of equipment failures and process warnings, enabling you to take action.

Additionally, the automatic processing nature of the HeatingSave Intelligent Controllers maintain comfort conditions and allow for the utility bills and other manually input data combine with automatic data from our control systems. The advanced PC software gives users full control over the costs, CO2 statistics and graphical pyramid reporting of energy usage, making the whole energy management process a lot easier.

If you want to find out more about the HeatingSave system or you’d like to benefit from one of our Free Energy Surveys, just get in touch with our dedicated product team, and they’ll be more than happy to help.

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