Britain risks becoming dependent on oil and gas imports as North Sea production dries up
Fossil fuel output will dwindle to near zero over the next two to three decades
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Fossil fuel output will dwindle to near zero over the next two to three decades
Britain is on track to become reliant on imported oil and gas as North Sea production dries up faster than demand for the fuels declines.
'Solid oil and gas production from the region is also providing indispensable resources to Europe'.
Norway and the UK have overcome recent challenges and are on course to achieve significant milestones due to notable increases in investments, exploration success and production.
Up to 14 new oil and gas fields could get the go ahead in the North Sea next year, the most in a decade, according to a consultancy.Rystad Energy estimated that