The United Kingdom has opened a round of tenders to obtain permission from the Government to extract natural gas and oil in the British North Sea, marking the first time such a round has been launched for three years.

The North Sea Transitional Authority has put out to tender 898 blocks and partial blocks, which will lead to approximately 100 licenses to energy companies, as indicated in a statement on Friday.

The agency plans to encourage production to be as soon as possible, which is why it has identified four priority areas, being close to infrastructure and with the potential to develop quickly. These four areas will be licensed before the others.

According to the Authority’s analyses, the average time between discovery and first production is five years and falling further and further. “As we make the [energy] transition, maintaining a clean domestic supply to meet demand can support the UK’s energy security, job creation and world-class supply chain,” the Authority said.

“Ensuring our energy independence means exploiting the full potential of our North Sea assets to boost domestic production, recognizing that producing gas in the UK has a lower carbon footprint than importing it,” said the Secretary for Business, Energy and Industrial Strategy. , Jacob Rees-Mogg.

The organization has ensured that the commitment to achieve zero net greenhouse gas emissions by 2050 is maintained, although it is also necessary to have energy security. In addition, new production projects “tend to be significantly less emitting” of gases.

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Source: dpa

La entrada United Kingdom wants to extract gas and oil from the North Sea apareció primero en Bitfinance.

The German government will allocate some 3,000 million euros (about 3,235 million dollars) to four floating terminals of liquefied natural gas (LNG) in the next ten years, according to a letter addressed to the German Parliament.

Initially, the letter mentioned the amount of 2,470 million euros, but later a spokeswoman for the Ministry of Finance specified that the correct figure was 2,740 million euros, to which an additional 200 million had to be added.

According to the information, the Ministry of Finance has already released the funds without consulting the relevant budget commission. It was argued that such a procedure was necessary for “compelling reasons”.

It is expected that the corresponding freight contracts will be signed by next Wednesday, April 20. Their objective is to import liquefied natural gas to ensure the gas supply to Germany.

German government will increase LNG

Having more liquefied natural gas is one of the pillars of the German government’s efforts to reduce dependence on Russian gas supplies.

In a “Progress Report on Energy Security” published by the Ministry of Economy at the end of March, it is stated that the federal government had sought options for three floating LNG terminals through the companies RWE and Uniper in order to continue to increase security of supply in Germany.

According to information, the companies are currently negotiating the lease of these floating terminals and the negotiations are in the final stretch.

For its part, it was indicated that the Government is currently examining possible locations in the North Sea and the Baltic Sea, where the terminals could be deployed in the short term, in some cases even as early as the (European) winter of 2022-23.

Source: dpa

La entrada €3 billion for floating LNG terminals apareció primero en Bitfinance.