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UK could face importing 70% of oil and gas needs by 2030, new report warns
OEUK warns the windfall tax is causing monthly losses of 1,000 jobs and risking the North Sea's ability to meet 70% of UK oil and gas demand by 2030, urging urgent tax reform.
- A report warns the UK could be importing 70% of its oil and gas needs by 2030 due to declining North Sea production.
- The industry body Offshore Energies UK argues continued support for the sector could realize significant remaining reserves in the North Sea.
- Environmental groups criticized calls for more fossil fuel investment amid worsening climate impacts, while the UK government said North Sea oil and gas will continue playing an important role for decades.
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14 Articles
14 Articles
The Herald Scotland+2 Reposted by 2 other sources
UK could face importing 70 of oil and gas needs by 2030, new report warns
Trade body Offshore Energies UK published its economic report for 2025.
·Scotland, United Kingdom
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Britain could have to import '70%' of its oil and gas demand if we don't invest
OEUK chief executive David Whitehouse argued scrapping the windfall tax on the fossil fuels could help deliver more than two billion barrels - and add up to £150 billion to Britain’s economy
·United Kingdom
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Evening Standard+5 Reposted by 5 other sources
UK could face importing 70% of oil and gas needs by 2030, new report warns
The UK could have to import 70% of its oil and gas demand by the end of this decade if there is not “sustained investment” in the sector, industry leaders have warned.
·London, United Kingdom
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Coverage Details
Total News Sources14
Leaning Left6Leaning Right2Center2Last UpdatedBias Distribution60% Left
Bias Distribution
- 60% of the sources lean Left
60% Left
L 60%
C 20%
R 20%
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