This gas field won’t lower energy bills - but here’s why its so important | Unpacked
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Why gas but not oil?
The Energy Secretary, Miatta Fahnbulleh, has approved the Jackdaw gas field, but is reportedly less keen on the larger North Sea drilling site, Rosebank.
The Government approved the Jackdaw project on Wednesday morning after months of delays, saying that it has the potential to deliver around 6 per cent of the UK’s gas production.
Ms Fahnbulleh said that while her decision to approve Jackdaw was driven by the need for energy security, the rationale for Rosebank was different because most of its oil would be exported.
The Telegraph’s industry editor, Matt Oliver, breaks down the difference between the two projects and Andy Burnham’s battle between securing eco-conscious voters and a bold energy policy.
Read more on Jackdaw here: https://www.telegraph.co.uk/search/?q=jackdaw
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00:00 - Introduction: Labour’s Energy Conundrum
00:19 - Map Overview: Jackdaw & Rosebank Fields
00:40 - Manifesto Commitments & Legal Challenges
01:07 - Jackdaw Gas Field Explained
01:38 - How the Gas is Transported & Processed
02:07 - Why Jackdaw Won’t Lower Your Energy Bills
02:41 - The Case for Domestic Gas vs. Imports (LNG)
03:47 - Tax Revenues from the Jackdaw Field
04:04 - Rosebank Field: Higher Emissions & Environmental Concerns
04:34 - Export Debates & Ed Miliband’s Stance
#Rosebank #NorthSea #Energy #UKNews #Economy
