UK lifts shale gas ban
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Against the backdrop of the energy crisis, the UK authorities lifted the moratorium on shale gas production. About it informs press office of the Department of Business, Energy and Industrial Strategy of the United Kingdom.
In a widespread message, it is noted that the ban is lifted from September 22. In addition, in early October, the government intends to conduct a new round of distribution of licenses for the development of oil and gas fields in the North Sea. As previously stated by British Prime Minister Liz Truss, 100 permits will be issued.
The Ministry expects that the measures taken will help the country reduce dependence on foreign energy imports, as well as increase the “energy security” of the UK. According to the head of the department, Jacob Rees-Mogg, by 2040, energy exports from the kingdom should exceed imports.
About plans to start gas production using fracking (by hydraulic fracturing) in early September informed Trass. She noted that such a decision will allow the country to receive gas in 6 months. After that, the UN expressed concerns about this initiative. The organization pointed out the risk of environmental pollution.
The British government introduced a ban on gas fracking in November 2019. The decision was made due to the risk of seismic activity. Also, this method is actively criticized by environmentalists.
After the start of the special operation in Ukraine, Western countries imposed large-scale sanctions against Russia, which also affected the energy sector. Against the backdrop of restrictions and reductions in gas supplies to Europe, gas prices have risen sharply. The record on the London ICE exchange was set on March 7 this year – $ 3,892 per thousand cubic meters. m. In August, after Gazprom announced that Nord Stream was suspended for three days, gas prices exceeded $3,500 per thousand cubic meters. m, but later prices went down. September 19 cost amounted to less than $1800 per thousand cubic meters m.
Earlier, the UK authorities announced plans to gradually stop importing Russian oil by the end of 2022, and then stop buying LNG from Russia as soon as possible.
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