Natural Gas…

 
 

Natural Gas Gets Green Light To Power Britain

 
Centrica is to create 4,000 jobs in Britain with the development of a huge North Sea gasfield after the Government signalled a new “dash for gas”. After weeks of delay, heated negotiations and only hours after a £500 million tax break for this type of field was unveiled, the owner of British Gas said that it would invest £1.4 billion with its French partner GDF Suez.
Ed Davey, the Energy and Climate Change Secretary, said yesterday that gas would be at the heart of Britain’s energy strategy and promised that new gas-fired power plants would play a “key role” in keeping the lights on. He also said that consumer-funded subsidies for onshore wind farms would not be cut by as much as expected.

The moves comed after intervention from the Treasury, which wants more gas-fired power plants and fewer wind farms to be built to limit rises in energy bills. The Chancellor has been arguing with his Liberal Democrat counterpart Mr Davey over the level of subsidies for onshore wind farms.

Read more: http://thegwpf.org/uk-news/6260-natural-gas-gets-green-light-to-power-britain.html

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