RE: CCC & OBR2 May 2023 21:30
Dumbly thank you for your reply, I posted the article in the hope it was of interest to someone on here or if it can help us on this BB... I was interested in the article for this part mainly
The UK is already a net energy importer, buying gas via pipelines from Norway and continental Europe and taking liquified natural gas (LNG) shipments from Qatar and the US. However, many import sources are more polluting than North Sea-produced oil and gas.
Shipments of LNG are particularly carbon intensive, with a carbon footprint for deliveries from the US more than six times larger than from North Sea extraction. LNG imported from Qatar is three times the carbon footprint.
Norway remains the exception: its gas production has a lower emissions intensity than most countries – including the UK – due to a tough stance on gas flaring, and rigs powered by clean electricity. It is also able to transport most of its UK gas exports via pipeline, which helps to save emissions compared with condensing, chilling and transporting seaborne cargoes. However, the main pipeline into the UK is already running at full capacity and its largest gasfield is in decline, so a large increase in imports is not an option. The question you asked me about revenues Dumbly is out of my scope of knowledge I come on here to try and learn so probably better to ask the other more experienced on here mate. ATB ...hope we have a turn in the EPL or share price soon as has been relentless