Could Boris Johnson drop a Cop bombshell on UK oil and gas?
Industry figures warn the quixotic British prime minister might choose Glasgow talks to make a grand gesture on the UKCS’ future
“At Cop in three weeks’ time, you could still get to the point where the prime minister stands up and says: ‘We are going to be the first nation to stop developing oil and gas.’ I have no idea if it is going to happen then, but it is going to happen at some point.” So said Stuart Broadley, CEO of UK supply chain industry association the Energy Industries Council, at Petroleum Economist’s LNG to Power Emea forum this week. “You can see already the UK government has stopped supporting oil and gas-related exporting. So [an end to new development] is the next step, and I think other countries will follow.” And the consensus from the London audience was that the country’s spotlight-craving leader
Also in this section
5 December 2024
The new edition of Outlook, our annual publication about the year ahead for energy, produced in association with White & Case, is available now
4 December 2024
Associated gas from legacy oil basins could offer a new lease of life to wobbling shale gas production and cement US powerhouse status
3 December 2024
Papua New Guinea’s LNG sector appears to be back on track, with other projects in the pipeline
2 December 2024
Crucial role of gas means country is laying the foundations to control physical and trading supply chains