Offshore Gas Rigs Debate
Full Debate: Read Full DebateLord Moynihan
Main Page: Lord Moynihan (Conservative - Excepted Hereditary)Department Debates - View all Lord Moynihan's debates with the Department for Business, Energy and Industrial Strategy
(3 years, 8 months ago)
Lords ChamberThe data that I have just quoted shows that it actually fell last year. However, the noble Lord makes a good point; we should try to reuse these gases as much as possible. A number of companies are working on solutions, such as generating electricity on platforms et cetera. However, there are significant practical difficulties.
My Lords, I declare my interests as set out in the register. Does my noble friend the Minister accept that, given the excellent work being undertaken on net zero by the OGA, it is certainly conceivable that the UK can meet the zero routine flaring goal by 2030? If so, given that environmental and sustainability technology is increasingly being deployed in the gas industry, gas should and must remain an important part of the energy mix as we progress through energy transition?
Absolutely—my noble friend makes some very good points. Oil and gas are expected to remain a vital part of the UK’s energy mix as we move towards net zero, and maximising the economic recovery of oil and gas need not be in conflict with the transition to net zero—a point that my noble friend understands well.