A commitment to North Sea oil and gas while ramping up nuclear, hydrogen and offshore wind, is at the heart of a new UK strategy to protect consumers from future surges in energy bills.
The “British Energy Security Strategy” includes a commitment to a new licensing round for North Sea oil and gas in the Autumn, and has been hailed by industry leaders, including bosses at Shell and Neptune Energy, as a “once-in-a-generation” opportunity to ensure an orderly transition to net zero.
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Photo Credit: Energy Voice.
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