• $
  • £

Netherlands, Germany to start developing gas field in North Sea

Netherlands, Germany to start developing gas field in North Sea
02.06.2022 17:00
British regulators gave final approval on June 1 to develop a new North Sea gas field, while the Dutch government announced that it has issued permits for a joint gas exploration project with Germany, reported from Associated Press.

European nations are scrambling to tap new sources of natural gas that will help them wean themselves off supplies from Russia, but environmentalists have criticized the decision to invest in fossil fuels rather than renewable energy that would do less harm to the planet.

Britain’s business and energy secretary, Kwasi Kwarteng, said UK regulators approved the Jackdaw gas field being developed by Shell.

Separately, the Netherlands issued permits for a new gas field off its North Sea coast on the border with Germany. The Dutch government said permission from German authorities to drill for gas in the region was still pending. If the joint project is approved, the first gas could be produced by the end of 2024, the Dutch government said.

Russian state energy giant Gazprom said on May 31 that it was halting the flow of gas to Dutch trader GasTerra, along with several other European customers. Moscow is seeking ways to retaliate against sanctions imposed by European nations over its attack on Ukraine.





www.anews.az
Similar news
Similar news
Baku Stock Exchange total turnover down 35% in Jan-July
Business 09:18
Baku Stock Exchange total turnover down 35% in Jan-July
World Bank reports Brent crude oil averaged $83.4 per barrel in July
Business 18:00
World Bank reports Brent crude oil averaged $83.4 per barrel in July
Demand for Kapital Bank's bonds was nearly three times the offering size
Business 16:43
Demand for Kapital Bank's bonds was nearly three times the offering size
Maintenance work on Central Azeri platform planned for late August
Business 15:05
Maintenance work on Central Azeri platform planned for late August
Azerbaijan approves temporary rules for railway safety zone operations
Business 12:33
Azerbaijan approves temporary rules for railway safety zone operations
Campaign extended: Transfer your credit to Yelo and get up to 2% discount!
Business 12:20
Campaign extended: Transfer your credit to Yelo and get up to 2% discount!
Bitcoin price edges higher on crypto markets
Business 10:30
Bitcoin price edges higher on crypto markets
Oil prices slide on global markets
Business 10:00
Oil prices slide on global markets
Gold and silver prices steady on global markets
Business 09:30
Gold and silver prices steady on global markets
Anews TV

Our official Youtube channel

Subscribe