In March, the valves on an offshore pipeline 30 miles off the Norfolk coast were opened for the first time to release gas drilled from more than 7,000 feet under the seabed.
Aim-listed IOG will pump it to the nearby Bacton terminal where it will be processed for sale to BP’s gas marketing arm, which will distribute it to households, power stations and industrial groups making goods such as plastics and medicines.
From the North Sea’s 1970s heyday until the early 2000s, the UK was able to meet all its own gas demand. But production has declined sharply over the past two decades and the country now imports more than 60 per cent of its needs via pipelines from Norway and the EU, and ships carrying liquefied natural gas from the US and Qatar.
您已阅读12%（746字），剩余88%（5320字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。