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OIL AND GAS

Denmark is boosting green energy production at North Sea to phase out from Russian supply

Denmark is boosting green energy production at North Sea to phase out from Russian supply
The Siliconreview
20 April, 2022

Denmark will be increasing the North Sea's natural gas production set up to become free from being dependent on Russian supplies

The government of Denmark has recently made an announcement that it will now be boosting its renewable energy production significantly. As a temporary measure, Denmark will be increasing the North Sea's natural gas production set up to become free from being dependent on Russian supplies. Mette Frederiksen, Prime Minister of Denmark, has stated that production of natural gas will be increased in the North Sea for a limited period of time.

Vladimir Putin, President of Russia, had previously warned Europe that his country would be cutting off their gas supply unless they pay for Russia’s current, a counter move for sanctions made on the country following its invasion of Ukraine. Frederiksen furthermore has stated that it is better to increase the natural gas production at the North Sea instead of buying it from Russia. Dan Jorgensen, Climate and Energy Minister of Denmark, is certain that at short notice, the production capacity of their gas fields can be increased to 25 percent. Last year Denmark had plans to reach peak production by almost 3.2 billion cubic meters. Jorgensen added that Denmark would not be looking for a new tender to increase the production at the North Sea; instead, the already licensed entities will be given the opportunity.