UK Approves Jackdaw Gas Field as Energy Crisis Deepens
The UK government on Wednesday approved the long-delayed Jackdaw gas field in the first approval of a new North Sea project since the Iran war hiked energy prices. Jackdaw will start to supply gas to British homes and businesses from the end of this month, after the UK Energy Secretary agreed that t
Source: OilPrice.com
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DW NOTE
The UK just approved new North Sea extraction while paying a 70% premium on every barrel it imports due to Hormuz closure and rerouted tankers. Jackdaw won't produce a cubic foot of gas until 2025 at the earliest — long after this winter's shortages bite and possibly after the strait reopens. This is crisis management pitched as energy strategy.