Britain’s newly approved Jackdaw gas field in the North Sea gas project could begin producing gas “as soon as this winter,” potentially bringing a new source of domestic energy online within months, according to the country’s ambassador to the United States.
British Ambassador to the U.S. Sir Christian Turner joined FOX Business’ Stuart Varney on “Varney & Co.” to discuss the project’s timeline, its potential economic impact and Britain’s approach to energy security.
The project is part of Britain’s effort to maintain domestic oil and gas supplies alongside other energy sources. Turner described the approval as a practical step toward meeting the country’s long-term energy needs rather than a departure from its broader energy approach.
TRUMP ADMINISTRATION COMMITS UP TO $42M TO REVIVE STALLED NORTHEAST NATURAL GAS PIPELINE
“I think this is a pragmatic decision about our long-term energy mix. We’ve always accepted that we’re going to need a mix of energy supply for the U.K. that will include oil and gas. And the good thing about this field, which we announced yesterday, is that the gas can come online very quickly as soon as this winter,” Turner said.
Turner said the field is expected to operate for roughly 11 years and produce approximately 40 million barrels of oil equivalent over its lifetime. He estimated that output would represent about 6% of Britain’s domestic gas production at its peak, while the project could generate roughly $3.8 billion in economic benefits and support jobs.
ENERGY DEPT TO LOAN PART OF HOME HEATING OIL RESERVE TO EASE PRICES, DRAWING BIPARTISAN PRAISE
The ambassador also addressed whether President Donald Trump’s support for increased energy production influenced the decision. Turner acknowledged the president’s views but emphasized Britain’s own priorities.
“He [President Donald Trump] has been very clear in his views on this for a long time, and of course we’ve heard that. But, no, this is about an action that I think is in our national interest,” Turner said.
He added secure and resilient energy supplies remain central to Britain’s plans, with potential economic benefits extending beyond Scotland to the rest of the United Kingdom.
CLICK HERE TO GET FOX BUSINESS ON THE GO
