Russia’s invasion of Ukraine has made nearly all new gas projects not related to Russia hugely popular. Accordingly, the Danish government has on multiple occasions maintained that in the wake of the war, it has begun exploring options for temporarily increasing gas recovery in the Danish part of the North Sea.
For two of the projects – Valdemar Bo Syd and Halfdan Nord – operator TotalEnergies has already submitted field development plans. However, investment decisions for the projects, which would be able to ensure 118 million barrels of oil equivalent, has since been postponed by 2-3 years.
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