• $
  • £

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
Azerbaijan prioritizes energy cooperation and green transition
Business 15:30
Azerbaijan prioritizes energy cooperation and green transition
Azerbaijan’s trade with Turkic Council countries exceeds $7.3 billion in 2025
Business 15:00
Azerbaijan’s trade with Turkic Council countries exceeds $7.3 billion in 2025
Earn more with Birbank’s “Qazandıran bahar” campaign
Business 14:00
Earn more with Birbank’s “Qazandıran bahar” campaign
European gas prices rise 6%
Business 13:00
European gas prices rise 6%
Yelo Bank wins in 6 categories
Business 12:13
Yelo Bank wins in 6 categories

Brent crude oil prices rise
Business 12:00
Brent crude oil prices rise

Crypto market declines: BTC falls to $66,000
Business 11:30
Crypto market declines: BTC falls to $66,000
Central bank announces decision on key interest rate
Business 11:30
Central bank announces decision on key interest rate
Azerbaijani oil price exceeds $130
Business 11:00
Azerbaijani oil price exceeds $130
Anews TV

Our official Youtube channel

Subscribe