Britain's Ambassador Says Newly Approved Jackdaw Gas Field Could Produce as Soon as This Winter
On Varney & Co., Sir Christian Turner called the approval a pragmatic step for the U.K.'s energy mix. He said the field could run about 11 years and supply roughly 6 percent of domestic gas at its peak, and denied it was done to please Trump.
Britain has approved a North Sea gas project that could add supply within months. Fox Business reports that the U.K.'s ambassador to Washington, Sir Christian Turner, said the Jackdaw field could begin producing "as soon as this winter." This follows our earlier note on a Fox video clip about the decision.
What he said. Speaking to Stuart Varney, Turner called the approval "a pragmatic decision about our long-term energy mix." He said the U.K. has always accepted that its supply will include oil and gas, and that this field can come online quickly.
The numbers, per Turner. He said the field is expected to operate for about 11 years and produce roughly 40 million barrels of oil equivalent over its life. At its peak he put its output at about 6 percent of Britain's domestic gas production. He also said the project could bring roughly $3.8 billion in economic benefits and support jobs, with gains reaching beyond Scotland.
The Trump question. Asked whether President Trump's support for more energy production played a part, Turner said Trump has been "very clear in his views on this for a long time." But he said the decision was "an action that I think is in our national interest."
Note for readers: the output, benefit and timing figures are the ambassador's own estimates as relayed by Fox Business. We have not seen the project approval documents.