UK’s New Oil, Gas Permits Probably Won’t Boost Supply for Years
- UK will soon open leasing round for offshore exploration
- New supplies will come too late to alleviate current crisis
Offshore supply ships at the Port of Aberdeen sea port in Aberdeen, UK.
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The UK will soon offer new licenses to explore areas of its seabed for oil and gas, but even if the drilling is successful it probably won’t boost supplies for at least a decade.
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UK’s New Oil, Gas Permits Probably Won’t Boost Supply for Years