Share

Total launches huge gas plant in Britain

Shetland - Total has officially launched a huge new gas project in Britain's remote Shetland Islands, hailed by London as a "vote of confidence" in the flagging North Sea oil and gas industry.

The French energy giant officially opened the Shetland Gas Plant in Britain's northernmost outpost, which cost £3.5bn to build.

The plant began processing gas from the Laggan-Tormore fields on February 7. Production has since been ramped up to its full capacity of 500 000 cubic feet of gas (90 000 barrels of oil equivalent) per day.

The fields are expected to last for about 20 years.

The Scottish North Sea oil and gas sector has been reeling from a plunge in oil prices since mid-2014, leading the British government to cut taxes for the industry.

Amber Rudd, the minister in charge of energy and climate change, called the opening of the Shetland project a "vote of confidence in the offshore oil and gas industry.

"North Sea oil and gas is crucial to our energy mix.

"We are 100% committed to helping our oil and gas industry attract investment, unlock new potential and remain competitive."

The Laggan-Tormore fields lie about 125km northwest of Shetland.


We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
19.14
-0.2%
Rand - Pound
23.79
-0.0%
Rand - Euro
20.45
+0.0%
Rand - Aus dollar
12.45
-0.5%
Rand - Yen
0.12
-0.1%
Platinum
927.20
+0.8%
Palladium
1,026.00
0.0%
Gold
2,318.47
-0.2%
Silver
27.21
-0.3%
Brent Crude
88.42
+1.6%
Top 40
68,515
+0.7%
All Share
74,486
+0.6%
Resource 10
59,946
+0.6%
Industrial 25
103,950
+1.1%
Financial 15
15,920
+0.1%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders