questionText: To ask the Secretary of State for Energy Security and Net Zero, what estimate he has made of the (a) amount of oil and gas that the North Sea will produce in each year until 2060 and (b) tax revenue generated from that oil and gas (i) directly from North Sea oil taxes and (ii) in taxes from employment; how much oil and gas will need to be imported each year between now and 2060; and from which countries that oil and gas will be imported from.
answerText: The North Sea Transition Authority publishes UK oil and gas production projections to 2050 and the OBR’s latest forecasts for oil and gas tax revenues up to 2028/29 was published in the March 2024 Economic and Fiscal Outlook. Future years will be included...
heading: Natural Gas and Oil: North Sea