UK's Labour Plans Risk Higher Import Dependency

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The UK’s opposition Labour party has vowed to ban all new natural gas and oil exploration if it wins the country’s next general election, sending shockwaves through an already fragile upstream investment landscape. As Labour is topping the polls ahead of an election that needs to take place before end 2024, experts warn that Labour’s 2030 net-zero power plan could push the UK into being even more reliant on pipeline gas and LNG imports.

Policy and Regulation, Low-Carbon Policy, Gas Supply, Offshore Oil and Gas
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