The Energy and Climate Intelligence Unit (ECIU) said new projects like Rosebank would therefore make little difference to the UK's energy independence and security - one of the Government's key arguments for supporting further production.
The Tories also said North Sea oil and gas would reduce the UK's reliance on imports and therefore reduce the emissions involved in shipping. In answer to a&nbsp;written parliamentary question, the Government accepted about 80 percent of the oil produced in the UK is refined overseas into products that are shipped back.
It also said "it is not desirable to force private companies to 'allocate' oil and gas produced in the North Sea for domestic use", appearing to admit that much of the oil produced by Rosebank and other projects would be sold abroad.
A Department for Energy Security and Net Zero spokeswoman said: "With energy markets becoming more unstable, it makes sense to make the most of our own homegrown advantages in the North Sea."

New licenses to create 1% of fuels used in UK

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is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 87 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.

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which gives digital readers unlimited access to 9,000+ magazines and newspapers for a monthly subscription price. Magzter also has the largest number of stories in the world with its game-changing ezRead 2.0 feature for its apps, which enables smartphone and small-screen mobile users to enjoy magazine content the way it was meant to be enjoyed, with article text that is easy to read and is accompanied by stunning videos and high resolution photography.

{{magzter}} is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 87 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.