Boris Johnson’s has met with oil giants to trash out new terms for North Sea exploration as he delayed the launch of the UK’s new “energy supply strategy”.
The Prime Minister held a round table meeting with big energy producers on Monday as he balanced demands for a windfall tax on oil company profits against the need to find alternative energy supplies caused by the Russian invasion of Ukraine.
Downing Street said the Prime Minister met with oil bosses to discuss “increasing investment in the North Sea oil and gas industry and boosting supply of domestic gas”.
