Business
UK to grant new North Sea oil and gas licenses: PM Sunak
Britain will grant hundreds of new oil and gas licenses in the North Sea as part of efforts to become more energy independent, the government said on Monday.
Two new carbon capture usage and storage clusters would be set up in North East Scotland and the Humber regions, it added.
For the latest headlines, follow our Google News channel online or via the app.
“Now more than ever, it’s vital that we bolster our energy security and capitalize on that independence to deliver more affordable, clean energy to British homes and businesses,” British Prime Minister Rishi Sunak said in a statement.
Sunak is due to visit a critical energy infrastructure site in Aberdeenshire, Scotland later on Monday.
The oil and gas industry regulator expects the first of the new licenses to be awarded in the autumn, the government said.
Read more: Biden, Sunak pledge to stick together on Ukraine, deepen cooperation on clean energy