Recently, I met with the Deputy Chief of Staff to the Prime Minister, David Canzini, to discuss the UK’s Energy Security Strategy.
In light of high global energy prices, provoked by the surging demand and Russia’s invasion of Ukraine, the UK must set out a clear energy security strategy.
The Deputy Chief of Staff assured me that the UK’s Energy Security Strategy will phase out the import of Russian oil and oil products by the end of the year. I was also pleased to hear that the UK will focus on producing gas domestically through a new licensing round for the North Sea oil and gas projects, launching in the autumn.
Additionally, the UK’s strategy will see the acceleration of nuclear power, aiming to produce up to 24GW by 2050. This could mean delivering up to eight reactors, equivalent to one reactor per year instead of one per decade. The Nuclear Energy Strategy will create jobs across the UK and provide long-term, sustainable energy.