Industry Report Claims UK Could Unlock 100 More Oil and Gas Projects
Offshore Energy UK says increased government support could let Britain meet half its oil and gas needs domestically, reducing reliance on imports.
The UK could supply as much as half of its domestic oil and gas needs without relying on imports if the government provided greater support for the North Sea sector, according to a report from the industry body Offshore Energy UK (OEUK).
The report, cited by the BBC, claims that around 100 additional oil and gas projects could be developed in UK waters if ministers took steps to back the industry more strongly.
OEUK represents companies operating in the North Sea, an area that has seen declining oil and gas production in recent years alongside growing debate over the pace of the UK's transition to renewable energy.
The claims come amid ongoing discussions in the UK over the future of North Sea licensing, with the government facing pressure from both industry groups seeking continued extraction and environmental campaigners pushing for a faster shift away from fossil fuels.
The BBC report did not provide further detail on which specific projects OEUK believes could be developed or the exact nature of the government support being requested.
The government has not yet issued a public response to the report's claims, according to the BBC.
Sources
- UK could 'unlock' 100 more oil and gas projects, say North Sea bosses — BBC Science & Environment
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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