The Industry Authority says that half of the UK oil and gas demand can be produced at home.

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The United Kingdom said that the UK can produce half of its expected demand for oil and gas locally in light of the “appropriate working conditions”, which reduces the increasing dependence on more carbon dense imports.

Foreign energies in the United Kingdom said that the country is on the right path to produce 4 billion-equivalent barrels of oil and gas that is equivalent to expectations of $ 13 billion-15 billion dollars for use by the Independent Climate Change Committee, in line with the path of pure zero emissions in the United Kingdom 2050.

But the North Sea can produce 2 billion dollars to 3 billion barrels if companies are encouraged to invest, adding 150 billion pounds from the economic value at an altitude of 200 billion pounds expected under the current plans.

Oeuk expectations, which were issued in its annual actions on Tuesday, put the issue of industry to determine the priorities of self -sufficiency in the dependency of import, such as the United Kingdom government Consult On the financial, organizational and environmental systems in the future.

“The United Kingdom needs oil and gas – and we must focus on producing the largest possible number of this ourselves,” said David Whitch, CEO of Oeuk. “It will take new projects to fulfill this goal, but the majority of those will come from the current licensed areas.”

A person familiar with the commission’s thinking said that Oeuk wants an immediate reduction in the surprise tax that reflects the low prices and encourage investment in expensive sea drilling operations.

From 2030, and The oil and gas sector It will return to paying permanent taxes only, currently determined by approximately 40 percent, but it will automatically do More contribution If wholesale prices rise to unusual levels.

A tax on oil and gas profits was provided in 2022 in response to high energy prices after Russia’s invasion of Ukraine.

Last year, the government increased from the tax to 38 percent, raising taxes on producers to 78 percent until 2030, with the removal of the main investment allowance.

“When the lip prices decrease, taxes should harm,” the person said, noting that energy prices have decreased to pre -invasion levels.

The government, which has recognized the previous changes on the financial and gas system, hopes to give more certainty to investors for future taxes.

The report highlights “historical low rates of return” from minus 1 percent for the year until June 2024, due to low prices and production, along with high taxes.

Oeuk also called on the government to “eliminate” liquefied natural gas imports from the UK consumption mix by supporting more local production.

About 17 percent of gas imports in the United Kingdom were obtained last year from the United States of LNG, which has a four -fold carbon density of local gas.

The government said it will not allow new oil and gas licenses, but will consider additional production around the current facilities. However, new licenses will be needed to raise production to its full potential.

Tessa Khan, CEO of Uplift, a organization that supports the gradual disposal of fossil fuels, has accused the oil and gas industry of “gathering imagination”.

She said: “These production numbers are only possible if the industry is delivered after more tax exemptions, or that prices are so high that they punish ordinary people who cannot already bear their energy bills.”

She added that the new local production “will close us in an old and costly energy source for a longer period than necessary.”

Rachel Reeves, Chancellor, told the Sun newspaper on Sunday that it was evolved Rosebank and jackdaw Oil and Gasfields, despite legal challenges on environmental foundations.