LONDON — Neptune Energy is urging Britain’s government to support regulatory changes to gas entry specifications, allowing more domestically produced gas to be delivered to the UK industry and households.
Ministers will shortly receive the UK Health and Safety Executive’s recommendations on changes to the Gas Safety (Management) Regulations 1996. The related five-year, industry-wide consultation is close to completion, with initial impact assessments revealing no safety issues.
The consultation relates to industry-backed proposals to lower the calorific content limit for gas entering the network and so enable higher volumes to be supplied.
Neptune CEO Pete Jones wrote in a letter to the Secretary of State for Business Energy and Industrial Strategy, Grant Shapps: “The lengthy consultation process around this proposal is now at a critical, final stage and will require intervention from Ministers to support the proposed change…
“Failure to agree this change will lead to years of further delay and a golden opportunity will be missed to bring significant volumes of extra gas to UK consumers from next year when they will be needed most.”
Neptune operates about 12% of the UK’s gas supply and has recently acted to double gas production from the Duva Field in the Norwegian North Sea (production is exported to the UK).
It is also drilling new wells to sustain production from the Cygnus gas field in the UK southern North Sea.