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The Dutch, German, and UK governments have greenlit North Sea projects
Three European countries announced new permits for natural gas exploration under the North Sea, seeking to replace Russian gas imports. The Netherlands and Germany are looking to jointly exploit a field off their north coast, after Moscow halted deliveries to the largest Dutch company for refusal to pay in rubles. Meanwhile, the UK plan was met with criticism from environmentalists.
Amsterdam said on Wednesday that it has issued permits for a new gas field, located about 19km north of the coast, on the border with Germany. Exploration is expected to start by the end of 2024, and is still pending approval from the German state of Lower Saxony. Though they decided against the permits in 2021, “they are now making a different decision because of the war in Ukraine,” the Dutch government said.
Gazprom halted deliveries to GasTerra on Tuesday, after the Dutch state energy wholesaler refused to pay. The Netherlands is still receiving natural gas from Russia – however, through the Dutch companies Essent and Eneco, as well as Germany’s Uniper and RWE, according to the public broadcaster NOS.
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EU state still importing Russian gas after cut-off – media
Under the new payment scheme set up by Moscow in response to the EU embargo over the conflict in Ukraine, importers from ‘unfriendly’ countries are required to open accounts in Russia’s Gazprombank, where the currency of their choice is converted to rubles. While most EU countries have agreed to open accounts, several have refused.
Meanwhile, British regulators have given their final approval for Shell to explore the Jackdaw gas field off the coast of Scotland, originally licensed in 1970.
“We’re turbocharging renewables and nuclear, but we are also realistic about our energy needs now,” UK Business and Energy Secretary Kwasi Kwarteng said on Twitter. “Let’s source more of the gas we need from British waters to protect energy security.”
The environmentalist group Greenpeace responded by accusing the UK government of “desperate and destructive” action, telling Kwarteng, “You’re not turbocharging renewables, you’re turbocharging the climate crisis.”