Shell's Jackdaw Gas Field in UK Gets Green Signal From Regulators
, fromRoyal Dutch Shell plc
Shell's Jackdaw gas field in the North Sea has gained final regulatory approval. It comes as the government strives to enhance domestic energy production to protect the UK from market instability brought on by Russia's invasion of Ukraine.
The Jackdaw field has the potential to provide 6.5 per cent of Britain's gas output. Shell's proposals were initially turned down in October due to environmental concerns.
According to the new plan, Shell expects to begin production from the field in the second half of 2025.
The approval came at a time when UK energy security is crucially necessary. Shell said it plans to invest £500 million in the UK to build the new facility.
If a huge project near Peterhead receives funding, the Jackdaw field should be able to supply gas to 1.4 million British homes, and its carbon emissions should eventually be absorbed for storage. Environmentalists, on the other hand, have slammed the move.
Greenpeace, an environmental protest group, said the approval was illegal and would go against the move legally.