Andy Burnham Approves North Sea's Jackdaw Gas Field
Jackdaw is not set to make a difference to UK energy bills because household bills are based on the price of gas in the UK wholesale market, which is determined by international prices that have surged amid disruptions to global supplies.
TL;DR
- The Jackdaw gas field is not expected to lower UK energy bills, which are determined by international wholesale gas prices.
- The UK's reliance on gas imports is projected to increase significantly by 2030 and 2050, even with new fields like Jackdaw.
- Environmental groups state Jackdaw will provide only a small fraction of the UK's annual gas demand and create limited direct jobs.
- Despite concerns, Jackdaw and the Rosebank field represent a significant investment and are expected to create jobs and generate tax revenue.
- Labour's manifesto committed to halting new oil and gas licenses, but some within the party argue Jackdaw and Rosebank are not considered 'new' fields.