Tuesday 2 September 2008

OIL & GAS UK BREAKFAST BRIEFING PUTS SPOTLIGHT ON BRITAIN’S GAS SUPPLY

Over a hundred delegates are expected to attend Oil & Gas UK's forthcoming breakfast briefing entitled 'Where Next for Europe's Gas?' The event will be held at 8am on 9 September 2008 in London and is sponsored by Herbert Smith and The Royal Bank of Scotland.

The leading energy commentator and consultant, Patrick Heren, will explore where gas supplying Europe and the UK will come from in future as well as the factors that will affect prices.

Malcolm Webb, Oil & Gas UK's chief executive, commented: "The gas market in Britain continues to evolve as sources of supply and circumstances in the wider European and world markets change. While UK gas production satisfied three quarters of our demand in 2007, indigenous production is now in decline but we must remember that 40% of our gas reserves still remain to be extracted. Alongside maximising our domestic gas production, the UK and the rest of Europe will need to draw gas from increasingly diverse and more distant sources."

Oil & Gas UK's summer breakfast will also consider whether the oil indexation of wholesale gas prices is here to stay and will challenge the progress being made by the European Commission in its efforts to liberalise the EUs gas markets. It will also examine the impact of LNG supply and demand on gas markets.

The seminar presents an excellent opportunity for debate and networking on a topic crucial to the future of the North Sea. To book a place, see http://www.oilandgas.org.uk/new/events

ENDS

NOTE TO EDITORS

1. Oil & Gas UK is the leading representative organisation for the UK offshore oil and gas industry.  Its members are companies licensed by the Government to explore for and produce oil and gas in UK waters and those who form any part of the industry's supply chain.
2. The breakfast briefing will be held at Exchange House, Primrose Street, London EC2A 2HS at 8-10am on Tuesday 9 September 2008.

For further information, please contact:

Sally Fraser

Oil & Gas UK Media Relations               

2nd Floor                                                          

232-242 Vauxhall Bridge Road   

London SW1V 1AU      

             

Tel:       020 7802 2404

Fax:      020 7802 2401

Email:   sfraser@oilandgasuk.co.uk

Pager :  07659 183 999

http://www.oilandgasuk.co.uk