1-3 of 3 results for subject:Fracking
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My Lords, does the Minister agree that there is a strategic benefit in being able to produce gas ourselves? At the moment we see that Germany, for example, is in a very poor position, because she is reliant on gas from Russia. It puts her in a poor strategic position.
My Lords, does the Minister agree that there is a strategic benefit in being able to produce gas ourselves? At the moment we see that Germany, for example, is in a very poor position, because she is reliant on gas from Russia. It puts her in a poor strategic position.
The answer to that question is yes. Many years ago when I was a geologist I found myself digging out fossil insects in central Colorado. That was designated a strategic naval reserve, because it was oil shale and in a crisis it could be removed for the US Navy. It is vital.
My Lords, does the Minister not agree that the joy of fracking is that we can become self-sufficient in that type of energy, which means that we do not have to bring some 28% of our supplies by sea, as we do at the moment? Does he not agree that the risk there is that, unless we get more frigates, we will not be able to protect that supply in times of tension or war?
My Lords, does the Minister not agree that the joy of fracking is that we can become self-sufficient in that type of energy, which means that we do not have to bring some 28% of our supplies by sea, as we do at the moment? Does he not agree that the risk there is that, unless we get more frigates, we will not be able to protect that supply in times of tension or war?
My Lords, as always the noble Lord makes a very powerful point about the Navy. He is absolutely right about domestic security, which also leads to security in relation to price, as it is much more likely to be consistent. We need diversity of supply, which is why we are looking to see if this can be delivered in a way that is environmentally sound and that transitions us to renewables, which of course is where ultimately we will need to be.
My Lords, one of the attractions of fracking is that it produces fuel onshore. The noble Baroness will be aware that over 30% of the energy supply in this country comes across the sea. As the Government seem intent on scrapping or selling the bulk of the Royal Navy, does that make fracking even more important to us in the future?
My Lords, one of the attractions of fracking is that it produces fuel onshore. The noble Baroness will be aware that over 30% of the energy supply in this country comes across the sea. As the Government seem intent on scrapping or selling the bulk of the Royal Navy, does that make fracking even more important to us in the future?
I thank the noble Lord for his intervention and I am pleased that we got on to the Navy. However, to turn to ships, the noble Lord raises a very important point. One-third of our energy demand comes from gas and we currently import a huge amount of gas. By 2030, we could be importing three-quarters of the gas that we use. That will come in ships from the US, which is a very long way away. That is why we need fracking in our country.