UK approves long-delayed Jackdaw gas field on energy security grounds
SHEL•Britain approved the Jackdaw North Sea gas field, which is expected to begin supplying homes and businesses by the end of October and raise domestic gas production by about 6% at peak output. The government also announced an Energy Wealth Fund with an initial £2 billion investment for the transition to cleaner energy.
1. Gas field approved
Britain approved the Jackdaw North Sea gas field after years of legal and political wrangling. Energy minister Miatta Fahnbulleh said it would begin supplying gas to British homes and businesses by the end of this month.
2. Production and fund
The government said Jackdaw would raise domestic gas production by about 6% at peak output and operate for up to 11 years. Alongside the approval, it announced an Energy Wealth Fund with an initial £2 billion investment to channel oil and gas revenues into the transition to cleaner energy.
3. Rosebank decision pending
Fahnbulleh said she had yet to decide on the Rosebank oilfield, which remains in limbo after a court ruling temporarily blocked both developments. Jackdaw is run by Adura, a joint venture between Shell and Norway's Equinor; Shell welcomed the decision.
