Offshore Industry: North Sea

(asked on 25th March 2025) - View Source

Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, whether he has considered limiting the sale of oil and gas from the North Sea to domestic markets.


Answered by
Michael Shanks Portrait
Michael Shanks
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 2nd April 2025

The UK government does not own the oil and gas infrastructure in the North Sea and does not dictate where the commodities are sold or the price. Oil and gas are traded on international markets, therefore domestically produced oil and gas does not mean cheaper prices.

The UK's diverse gas supplies allow exports to continental Europe while meeting domestic demand. This enables reciprocal imports when needed, supporting European allies in reducing dependence on Russian gas and undermining Putin's influence.

As long as consumers remain exposed to international energy markets through dependency on oil and gas, wherever it is produced, they will be vulnerable to shocks impacting energy costs which drove the cost-of-living crisis.

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