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EN
UK: Back Britain’s energy terminals or risk industrial contagion
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Energy-pedia news summary
A new Westwood Energy report commissioned by Offshore Energies UK shows the real-world impact on these hubs of stalling investment in domestic oil and gas.
It shows the volumes UK terminals are handling – known as throughput levels – have declined by almost 40% since 2020, and without urgent reform of government policies will halve again by 2030.
Not only because domestic oil and gas supports over 200,000 jobs, providing 50% of UK demand and contributing £25 billion to the economy.
The rapid decline in oil and gas investment is threatening this integrated network.
It risks beginning a domino effect as the premature decline domestic oil and gas impacts onshore terminals with knock-on consequences for wider industry.
['contagion'
'industrial'
'domestic'
'oil'
'report'
'gas'
'energy'
'terminals'
'risk'
'jobs'
'uk'
'north'
'britains'
'investment']