Douglas-Westwoods Outlook For UK And Norwegian North Sea Production

According to a Douglas-Westwood report, Western Europe will continue to rely on imported Russian gas into the 2020s as mature offshore provinces struggle for growth, while large-scale shale gas extraction looks increasingly unlikely in the medium term. Following Moscow’s intervention in Ukraine and the resulting strained diplomatic ties with the West, it is unclear if North Sea production can support any drop in gas flow from Russia.