Oil and gas production in UK increased by 11%Staff writer ▼ | June 10, 2016
Oil and gas production in the UK increased by nearly 11% in 2015, the first year of growth since 1999 and a striking deviation from the 10-year trend decline of 6.8% per annum.
Oil production UK primary energy consumption grew by 1.2% in 2015
Non-fossil fuels expanded their market share to 18%, the highest level on record. UK nuclear power generation grew by 10.3%, nearly offsetting the 2014 outage-induced decline.
Energy intensity (the amount of energy required per unit of GDP) declined by 1.0% in 2015, falling to its lowest level on record.
CO2 emissions from energy use fell by 4.3% in 2015, much faster than the 10-year average (-2.7%) and also its lowest level on record, as the emissions from coal fell by 21.6%.
Primary energy production increased by 10.7% in 2015 as growth in UK North Sea production of oil (+13.4%) and gas (+7.8%), renewables (including biofuels) (+30%), nuclear (+10.3%), and hydro (+7.4%) offset declines in coal (-26.8%).
Renewables in power increased by 31% in 2015 and provided almost 23% of total UK power generation. Non-fossil fuels in aggregate supplied nearly 46% of UK power last year.
The UK’s net LNG imports expanded by 18% in 2015 as a lower Asian-European spot price premium saw LNG return to Europe. ■