New EU environment rules on oil and gas projects
Published by Elizabeth Corner,
Senior Editor
Oilfield Technology,
A European Parliament vote on new environmental impact assessment rules is a step forward in making Europe more competitive without compromising on the environment, the International Association of Oil & Gas Producers (OGP) said.
“While not imposing unnecessary requirements on the upstream oil and gas industry, the new rules will guarantee that any development, including exploration for shale gas, will be subject to strict environmental standards,” said Roland Festor, OGP’s Director for EU affairs.
New rules dictate environmental protection will become more stringent during progress of project
The new rules confirm the existing differentiation between exploration and production of hydrocarbons. It will ensure that the requirements for environmental protection become more stringent as a project progresses. This way, time and resources will be applied where they matter: on full environmental studies once a project’s economic potential is confirmed and its development is going ahead.
Too many detailed requirements during the early phase of exploration – when commercial viability of a project is totally uncertain and operations limited – would have undermined key investments, without bringing any additional benefit to the environment.
New rules provide framework for development of new energy resources
“The vote is a positive first step in enabling the assessment of domestic energy resources. Opportunities such as natural gas from shale must be explored and, if promising, will be crucial to encourage future economic growth and create new jobs,” said Mr. Festor.
“Shale gas exploration is even more crucial now that the EU is devising its 2030 climate and energy policy. Gas is the best resource Europe has – cleaner-burning, reliable and immediately available – to help meet EU emissions reduction targets quickly and at a competitive cost versus alternatives,” he explained.
Edited from various sources by Elizabeth Corner
Read the article online at: https://www.oilfieldtechnology.com/exploration/12032014/new_eu_environment_rules_on_oil_and_gas_projects/
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