Denmark will stop extracting oil and gas from the North Sea in 2050
Denmark, the number one oil producer in the European Union since Brexit, plans to stop extracting oil and gas from the North Sea in 2050 as part of its efforts to transform into an energy transition model, the Energy Ministry announced.
The ministry said in a statement on Thursday evening that after an agreement was reached between the government and the majority in parliament, "Denmark becomes today the largest producer of oil and gas, setting a date for a final halt to extraction," according to the French news agency.
The production of this Scandinavian country remains much lower than the production of its neighbor, Norway, "about 1.4 million barrels per day" and the United Kingdom, "one million barrels per day." However, since Britain's exit from the Union it has become the first oil producer in the bloc with about 100 thousand barrels per day. According to the annual reference bulletin of the oil giant BP.
This decision cancels the invocation of bids 8 to exploit potential new fuel fields, after the future of the contract became ambiguous with the withdrawal of the French group Total in October.
The ministry announced that the northern kingdom, which aspires to reduce its emissions of greenhouse gases by 70% within 10 years, intends to "use the decision as a starting point to assume the leadership role in the world in the field of gradually stopping the use of oil and gas" as an energy source.
masrtimes
