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Bloomberg
Denmark wants to temporarily increase its output of natural gas to help Europe wean itself off Russian energy.
The Nordic country, which has pledged to stop production of fossil fuels, will start talks with the companies operating in its part of the North Sea and pledged to speed up administrative processes to allow more production, according to a new
energy proposal presented by the government. It will stick to its goal of ending oil and gas production in 2050, PM Mette Frederiksen said.
Denmark is the European Union’s eighth-largest gas producer as output has been cut due to upgrade work at Tyra, its biggest North Sea field. Already next year, production is set to rise and make Denmark more than self-sufficient with natural gas as the upgrades get completed. The government wants even higher output to help the rest of Europe in its plans to drop Russian gas, according to the premier.
“Until the production of green gas is large enough to cover the need for gas, it’s our clear belief that it’s better to source gas from the North Sea than to buy it from Putin,†Frederiksen said.
Several nations
including Germany, Latvia, Estonia, Greece and Italy are seeking to develop new import terminals for liquefied natural gas, to cut reliance on Russia.