Offshore Energies UK calls on government for rapid North Sea action
OEUK says there are enough North Sea energy reserves to fuel the UK for 30 yearsTrade body Offshore Energies UK said urgent action was needed to reduce the UK's reliance on exports and vulnerability to global price shocks.
But it warned that without "rapid new investment", the UK would have to import about 80% of its gas and 70% of its oil by 2030.The report comes as new Prime Minister Liz Truss is poised to announce a raft of measures to deal with soaring energy costs. The trade organisation said the time taken to develop an offshore project and get it into production should be "slashed", in particular complaining about the average 10-year wait to get grid connections agreed.OEUK's acting chief executive Mike Tholen said the report was a "red alert for UK energy security" as he urged the UK government to break its reliance on Russian oil.
He added: "UK gas will give us a bedrock of reliable energy through the transition and minimise reliance on imports.
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