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Burnham should ‘tout North Sea oil and gas in EU talks’
A report commissioned by energy firm Adura urges Andy Burnham to present continued North Sea oil and gas production as a contribution to European security in upcoming UK-EU talks. Its authors argue that developing domestic reserves could strengthen his negotiating position and reduce Europe’s exposure to future supply disruptions.
The report says conflict in the Middle East, higher oil prices and costly shipping have disrupted European refineries and squeezed their margins. It identifies approval of Rosebank, a Shetland field estimated to contain about 400 million barrels, as the most immediate way to ease pressure, while a decision is pending with Energy Secretary Miatta Fahnbulleh. The government says North Sea oil and gas will remain part of the energy system alongside the transition to clean power.
In short
- Report urges Burnham to promote North Sea production in EU talks.
- Rosebank is estimated to hold about 400 million barrels.
- Government says oil and gas will remain alongside clean power.
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