Shell urges UK government to unblock Jackdaw gas field

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Shell urges UK government to unblock Jackdaw gas field
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The energy giant, which has just posted bumper profits, wants to develop the gas field east of Aberdeen.

Chief executive Ben van Beurden warned that Liquid Natural Gas shipments could not make up for the loss of Russian energy, if gas was switched off as a result of sanctions or due to Russian refusal to supply.

He said "It will be a tough winter if we don't have any Russian molecules coming into Europe. That's the only thing I can say with any certainty". The company repeated that it intended to invest £25bn in UK energy projects during this decade, three-quarters of that in renewable and green energy, such as hydrogen and vehicle charging networks, as well as oil and gas.

And Mr van Beurden urged the UK government to reduce the time it took to develop wind farms - challenging it to cut that in half, from as long as 10 years.

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