UK to issue 'hundreds' of new oil, gas licences in North SeaLONDON, July 31, 2023 (BSS/AFP) - The UK government said Monday it wouldissue "hundreds" of new oil and gas licences in the North Sea to secureenergy reserves while still aiming for net zero carbon emissions by 2050. "Investment in the North Sea will continue to unlock new projects, protectjobs, reduce emissions and boost UK energy independence," Downing Street saidin a statement. He said that even if Britain achieves net zero by mid-century, around aquarter of its energy needs will still come from oil and gas. A study released Monday by the North Sea Transition Authority (NSTA) said thecarbon footprint from domestic UK gas production was one-fourth the footprintfrom imported liquified natural gas. Energy giant Shell, which is involved in one of the carbon capture projects,hailed it as a "central part of plans to decarbonise North Sea operations".

Source: Bangladesh Sangbad Sangstha July 31, 2023 18:30 UTC