The vital role oil and gas will play in South Wales’ future
As an industry, sustainability is high on our agenda. We’re at a pivotal point of the journey towards cleaner, more affordable, home-grown energy, and there is already so much to be hopeful about.
With significant assets in virtually every energy source and ample supporting infrastructure, Wales is a natural home for industry-led energy transition developments.
A region with a rich industrial heritage and strong links to oil & gas and the offshore industry – such as the UK’s largest energy port at Milford Haven in Pembrokeshore – South Wales is an important player in the country’s energy transition landscape. So many current projects such as the South Wales Industrial Cluster are bolstering the region as it embarks on a new era of energy, with industry working together to provide new jobs, skills and opportunities for the region.
The pioneering and ambitious South Wales Industrial Cluster, with support from a consortium of companies including oil & gas players such as Tata Steel, aims to decarbonise industry in the region and develop a hydrogen economy that will help meet essential oil and gas needs with cleaner resources produced with fewer emissions.
The project has been boosted by £20million in government support and will generate up to 5,000 new jobs in the area. It’s further strengthened by the deep-water port at Milford Haven, which is in an ideal position to facilitate future hydrogen production, growing Pembroke’s profile in renewables.
Smart technology and innovation is the future of clean, green energy, and the Cluster will provide a chance for South Wales to embrace decarbonisation initiatives such as Carbon Capture and Storage (CCS) and Carbon Capture and Utilisation (CCU).
Our industry is changing for good...
In West Anglesey, a movement towards marine energy is underway – the first large scale third sector community marine renewable energy project. Led by Morlais, the £35m scheme aims to provide energy for 180,000 households via the Irish Sea and create up to 100 jobs. The project has already seen companies including Aquantis, Instream Energy Systems, Nova Innovation, TidalStream, Tocardo, Verdant Isles and Orbital Marine Power sign up.
These projects highlight just some of the ways South Wales is growing to become a resilient and key player in the energy transition, directly supporting the creation of new jobs for the future and making vital contributions to the national effort today.
The road to net zero is a long one, but we are committed to meeting this challenge and are already taking significant action. The goals can be met, and the oil and gas industry, with its pioneering legacy, engineering capability and skilled workforce, is part of the solution.
Interested in finding out more?
Visit the OGUK website or check out our video to find out more about the UK offshore oil and gas industry’s commitment to reducing emissions.
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