The UK’s offshore fields can support around 40 per cent of the country’s gas consumption and two-thirds of its oil consumption over the next two years, the industry body has said. Offshore Energies UK, until recently known as Oil and Gas UK, has published its approach to delivering what it calls “secure clean energy” now and in the future.
It follows the UK’s commitment to phase out Russian oil imports by the end of the year in response to the war in Ukraine. Along with other European countries, the UK is also considering plans to wean itself off Russian gas imports.
Russian imports account for around 10 per cent of UK oil and petroleum product needs and four per cent of UK gas supply. Offshore Energies UK said it was a “responsible and reliable energy partner” but called for rapid decisions on the recovery of hydrocarbon assets.
