Denmark is weighing up extending North Sea oil and gas licences to 2050, beyond the current expiry date of 2042, “to stand on its own two feet”. The Danish government issued a press release this week:
“Europe must be able to stand on its own two feet when it comes to energy supply and security…The government will therefore initiate a process to prepare for a possible extension of one or more licenses with a view to contributing to Europe’s energy supply, security and independence until 2050.”
The Danish Minister for Climate, Energy and Utilities Lars Aagaard added: “I would have preferred that Europe could make do with green energy. But the reality is different, and I fundamentally believe that it is better for Europe to get gas from Denmark than from countries outside our continent.” Miliband might want to take note of that one…
Meanwhile, ministers have been celebrating Ofgem’s £117 cut in the energy price cap, despite this being far from the £150 reduction promised by Reeves in the last budget and still £73 higher than when Labour took office. Drill, baby, drill…
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