PM RISHI SUNAK VISITS GAS TERMINAL CLAIMS UK NEEDS TO BOOST ENERGY SECURITY – Sunak said the new licences are compliant with the government’s environmental targets
Prime Minister Rishi Sunak visited Bacton Gas Terminal in Norfolk on, after the government said it would legislate for annual North Sea oil and gas licence rounds to create certainty for the industry during a transition to greener energy.
In July the government said more than 100 new oil and gas licences in the North Sea would be granted, and the new legislation on future rounds will be set out when King Charles outlines the government’s agenda at the start of a new parliamentary session.
Sunak has said the new licences are compliant with the government’s environmental targets, and the requirement for new rounds each year will be conditional on domestic production being greener than imported alternatives.