GENERATE PROSPECTUS - Flipbook - Page 17
Unlimited opportunities in the East of England
Unlimited opportunities in the East of England
GAS
THE TRANSITION
FUEL OF THE FUTURE
Natural gas from the SNS first became a
transition fuel to clean energy generation
60 years ago, when it was discovered off the
Norfolk coast.
WELLS
CROMER
INTERCONNECTOR
NETHERLANDS
BACTON
KINGS LYNN
30%
GT YARMOUTH
NORWICH
OF UK GAS
LOWESTOFT
DISS
4500KM
SNS PLATFORMS
SIZEWELL
BURY ST EDMUNDS
CAMBRIDGE
150+
PIPLELINE
INFRASTRUCTURE
£5.3 BN
INVESTMENT
TO 2050
IPSWICH
FELIXSTOWE &
HARWICH
FREEPORT EAST
5 TRILLION CFT
UNTAPPED GAS
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BRADWELL
INTERCONNECTOR
BELGIUM
By replacing coal in many power stations,
gas helped cut the UK’s CO2 emissions by
20% between 1970 and 2000*. Now gas, and
its associated infrastructure, is set to be a
transition fuel that helps the UK develop a Net
Zero energy system by 2050.
The SNS is the UK’s natural gas basin and
is likely to be a major source of supply for at
least 30 to 50 years. The region already has
100 operational gas fields, more than 150
platforms and some 4,500km of pipelines.
There are also some 8.8 trillion cubic feet
(tcf) of natural gas in existing reserves and an
estimated 5tcf of untapped gas in reservoirs
and undeveloped discoveries.
Both the SNS and Bacton sustain high skilled,
high value jobs in the region and continue to
help attract billions of pounds of investment
to the UK.
In fact, a report from energy consultants
at Opergy forecast that the SNS could see
new investment of £5.3 billion up to 2050.
This would come from a mix of exploiting
existing reserves and new finds, as well as
developing new technologies and repurposing
infrastructure to help decarbonise the
energy sector. We believe this offers huge
opportunities to manufacturing, engineering
and O&M businesses looking to supply
services to the industry.
Bacton Gas Terminal in Norfolk, which opened
in 1968 to bring the first SNS gas ashore,
remains a strategically important national
energy asset. It now has six terminals across
4 sites, including two interconnectors linked
to European gas infrastructure. These enable
the UK to import and export gas and so
maintain a secure and reliable energy supply.
Bacton is responsible for delivering around
30% of the UK’s total gas requirements
through the national transmission pipeline.
This is vital for industry as well as UK homes
(80% of which use gas for cooking or heating).
*Source: UKERC, The Future Role of Natural Gas report
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