House of Commons Library

Future of the UK oil and gas industry

Published Friday, October 5, 2018

A debate will be held in Westminster Hall on Tuesday 9 October 2018 at 11.30am on the future of the UK oil and gas industry. The debate will be opened by John McNally MP. This paper provides a brief overview of the industry and relevant issues, recent parliamentary comment and other press releases and articles.

Jump to full report >>
  • The oil and gas industry is well-established in the UK, historically focusing on exploiting conventional oil and gas fields, both onshore and offshore. The UK was formally a net exporter of oil and gas, but is now a net importer.
  • Oil and gas provided 72% of the UK’s total primary energy (sum of production and imports subtracting exports) in 2017.
  • In 2017, net imports made up 24% of the oil the UK used, with the remainder from domestic production.
  • Net imports of natural gas were around 45% of UK supply in the same year.
  • The majority of oil, almost 80% of final consumption, is refined for use in transport.
  • Just over one third of the UKs total gas is used for domestic heating, and just under one third for electricity generation. Other major users are industry and business.
  • The UK is also a net importer of petroleum products (in total) such as petrol, diesel and heating oils. [1]
  • The Government published their Industrial Strategy in November 2017. The strategy includes sector deals for a number of different industries. The Government and oil and gas industry are currently working on a sector deal for oil and gas.

 

[1]     BEIS, Digest of UK Energy Statistics 2018, July 2017, Table 1.1

Commons Debate packs CDP-2018-0210

Authors: Nikki Sutherland; Suzanna Hinson; Sara Priestley; Paul Bolton; Lorna Booth

Topics: Energy, Oil, petrol and natural gas

Share this page

Stay up to date

House of Commons Library

The House of Commons Library provides research, analysis and information services for MPs and their staff.