UKOG's RNS..17 Dec 2020 07:21
Some interesting thoughts in terms of our large Gas find at West Newton :
"UKOG also highlighted the role that a successful Loxley gas project would play in the government's low-carbon hydrogen policy, in which natural gas is reformed into clean burning hydrogen, with an envisaged 85% saving in related carbon emissions. Domestic gas has approximately a quarter of the carbon emissions of imported liquefied natural gas.
The importance of such domestic gas as part of the net zero transition was further underscored by this week's Written Ministerial Statement and Energy White Paper, in which it was acknowledged: "The UK's domestic oil and gas industry has a critical role in maintaining the country's energy security and is a major contributor to the economy".
It continued: "The projections for demand for oil and gas, though much reduced, is forecast to continue for decades to come", adding: "We will therefore make sure the natural gas markets and networks evolve in a way which enables continued investment and ensure secure supplies but also promotes the use of low-carbon options (i.e. hydrogen), wherever possible". The government also reaffirmed its position that low-carbon hydrogen would be required as part of the transition to net zero."
Best of luck to Sanderson too at UKOG . Like us with Wressle I am sure the appeal will have a positive outcome and end up costing the council.