For "oil collection and gas", regardless of the potential earthquake risk, the UK cancels this ban!Energy prices have soared, and many families will not open heating this winter

Author:Daily Economic News Time:2022.09.23

According to CCTV News, the British Ministry of Commerce, Energy and Industry Strategy issued an announcement on the 22nd stating that in order to strengthen Britain's energy security, the British government officially lifted shale gas production ban on the same day and confirmed that it supports a new round of oil and natural gas permission. This means that the UK's hydraulic fracture technology ban has been canceled since November 2019.

The British cancellation of the ban: "Take all means" to increase British petroleum and natural gas output

The announcement said that the British government is taking specific measures to increase local energy supply, reduce dependence on imported energy, and explore the "all possible solutions" that improve domestic energy security. To this end, it is necessary to "take all means" to increase British oil and natural gas output, including issuing new oil and gas permits and shale gas mining.

According to this announcement, a new round of oil and gas permission is expected to be launched by the Beihai Transitional Administration in early October this year. It is expected that more than 100 new licenses will be issued, allowing developers to find commercial feasible oil and oil within the license scope Natural gas resources, but activities such as drilling and infrastructure construction still need to be approved by the regulatory authorities. The announcement also said that in the case of obtaining local support, the British government will consider approving the application for hydraulic fracture operation permit in the future.

(Photo-not) Picture Source: Photo Network-501522418

Internationally mining shale gas and shale oil mainly use hydraulic fracture technology. Britain issued a hydraulic fracture technology ban in November 2019. At that time, an analysis report believed that the current technology could not accurately predict earthquake risks related to hydraulic fracture operations.

The latest decisions of the British government have caused a lot of controversy. Dr. Ajay Gambir, a senior researcher at the Institute of Grand, Grand, said that the suspension of hydraulic fracture technology in the face of crisis in the climate is that "it looks particularly inconsistent, and the carbon budget (that is, the" Paris Agreement "The upper limit of the temperature control target allows emitted carbon dioxide), we have almost nothing left, so there is no more space for new fossil fuel sources."

Gambir said the decision was inconsistent with the climate goals of the British government and other countries, and did not take into account the restrictions that were not popular in the UK, as well as potential earthquake risks and local environmental impacts.

Energy prices have soared, Britain sets the upper limit of the price for business users

According to CCTV News reported on the 23rd, Britain has recently increased high inflation and energy prices have soared. The British government announced on the 21st that the upper limit of the electricity and gas settings used by enterprise users will be set. However, this will greatly increase the government's economic burden.

The implementation time of this plan is from October 1st to March 31st next year. The beneficiary targets are all non -family users, including enterprises, medical units, teaching institutions, charities, etc. The British government has previously launched a price limit plan for home users.

Image source: Visual China-VCG111398043811

According to this plan, the preferential wholesale price is expected to be 211 pounds per MW (about 7.96 yuan) per MWh, and the wholesale price of natural gas is equivalent to 75 pounds per MWh. The final unit price is set to be determined on the 30th.

The market price of these two energy sources is expected to be 600 pounds and pounds of pounds per MWh to 180 at the same time. The British government will compensate the supplier's corresponding difference.

Official data has not been released, but the relevant reports point out that this plan may spend 42 billion pounds of government.

At this stage, Britain's economic growth is weak, and the energy crisis and severe inflation have been encountered, and the cost of living has increased sharply. Since the winter of last year, Britain's inflation rate has remained high. From April to July this year, a new high has been refreshed in 40 years. The British media previously reported that many families have planned not to open or turn on heating as due to the skyrocketing energy prices.

British Prime Minister Tras announced the government emergency energy plan

On September 8th local time, British Prime Minister Elizabeth Tras announced the government's emergency energy plan in Parliament to limit the continuous soaring energy prices.

Tellas announced that in the two years from October 1st, British families will pay a energy fee of no more than 2,500 pounds each year. She pointed out that the plan will save £ 1,000 a year for each family.

Tellas Picture Source: Visual China-VCG31N1242854206

Tellas also announced that the government will set up an energy supply working group to discuss and sign contracts with international suppliers to reduce the current energy cost. She also pointed out that Beihai's oil and gas exploration will be issued a new round of permits and is expected to issue more than 100 licenses.

Tellas said that the government will also invest in green energy to "end the situation that the electricity price is determined by the marginal price of natural gas." In addition, the government will create a new plan worth 40 billion pounds to allow energy companies to purchase long -term energy contracts.

On the 7th, Tellas said in an inquiry of the Prime Minister of the Parliament that the government would maintain low taxes. Tellas also emphasized that she will continue to surge in energy prices.

At the end of August, the latest data released by the British energy regulatory agency showed that the upper limit of gas and electricity bills in British home users in October will increase significantly by 80%to 3,500 pounds (about 28,000 yuan).

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