The North Sea can help provide the UK with “secure and safe energy” for the next 50 years, while also helping meet climate change targets.
That's according to Deirdre Michie, chief executive of Offshore Energies UK (OEUK), who made a plea to ministers ahead of the publication of the UK Government’s upcoming energy security strategy.
Vladimir Putin’s invasion of Ukraine means energy security is now also a national security issue, she said, adding: “Our industry has provided the UK with secure, safe energy for the last five decades and we can do the same for another five decades – while also helping the nation reach carbon neutrality by 2050.
“This will only happen with careful planning, preparation and investment though, as energy infrastructure projects take years or even decades, and our industry is used to thinking on those timescales.
“We believe that, where energy is concerned, policymakers of all parties and countries must start doing the same.”
OEUK - which represents 400 offshore energy companies, including in the oil, gas and offshore wind sectors - called for a “national consensus” to be built around energy issues and wants regulators to prioritise decisions on new oil and gas fields, while working with other European nations to co-operate on energy supplies.
To help achieve the UK’s goal of reaching net zero by 2050, Michie said legislation should be introduced to expand the production of hydrogen and also to increase carbon capture facilities.
Work is also needed to electrify both the North Sea and the Irish Sea, OEUK stated, requesting for grids of undersea electrical cables to be installed to take power from offshore wind farms to towns and cities across the UK.
Michie said: “Our short-term energy security and our longer-term need for secure, net zero energy will only happen if our policymakers can collectively create the right environment for long-term investment across all forms of energy production.
“To achieve that we need stable, long-term regulatory policies, clear and predictable fiscal policies, that are supported by political alignment across all the countries and parties of the UK.
“We need our policymakers and politicians to think long-term, act short-term and, above all, work together for the whole UK.”
A spokesman for the UK Department for Business, Energy and Industrial Strategy responded: “We recognise there is a lot of interest in our plans to further bolster the UK’s energy security and it is vital that we get this right.
“Work continues to take place across government and industry to ensure our energy security strategy fully delivers on our aims to supercharge our renewable energy and nuclear capacity as well as supporting our North Sea oil and gas industry.
“We will set out full details soon.”
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