Fossil Fuels: Reserves
The question
To ask the Secretary of State for Energy Security and Net Zero, what steps he will take to ensure that the UK maintains a strategic reserve of oil and gas.
Answered by Michael Shanks
As a member of the International Energy Agency, the UK has an obligation to hold emergency oil stocks equivalent to a minimum of 90 days of net oil imports for use in the event of a major global oil supply disruption.
The Government recognises the need to have natural gas storage to help respond to short-run changes in supply and demand or during cold winter months.
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