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04.12.2020 / 14:34

Denmark to end oil, gas extraction in North Sea

COPENHAGEN – Denmark has decided to end to all oil and gas offshore activities in the North Sea by 2050 and has cancelled its latest licensing round, saying the country is "now putting an end to the fossil fuel era.”The Danish Parliament voted late Thursday to end the offshore gas and oil extraction that started in 1972 and has made it the largest producer in the European Union. Non EU-members Norway and Britain are larger producers.Denmark is estimated to pump some 83,000 barrels of crude oil and another 21,000 barrels of oil equivalent this year, according to the government.That is relatively little in a global context.

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