1-2 of 2 results for subject:Imports
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Type
House
Session
Year
Department
Member
Primary member
Baker, Norman (2)
More
Answering member
Legislative stage
Legislation
Subject
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Fossil fuels (2)
Publisher
To ask the Secretary of State for Business, Enterprise and Regulatory Reform how much he estimates will be spent on imports of (a) oil and (b) gas in (i) 2008, (ii) 2012, (iii) 2015, (iv) 2015, (iv) 2020 and (v) 2030 at 2007 prices.
To ask the Secretary of State for Business, Enterprise and Regulatory Reform how much he estimates will be spent on imports of (a) oil and (b) gas in (i) 2008, (ii) 2012, (iii) 2015, (iv) 2015, (iv) 2020 and (v) 2030 at 2007 prices.
Asked by
Norman Baker
(Liberal Democrat)
Answered by
Malcolm Wicks
(Labour)
Answering body
Department for Business, Enterprise and Regulatory Reform
Type
Written questions
Status
Answered
Tabled on
10 December 2007
For answer on
12 December 2007
Answered on
18 December 2007
Some of the gas and most of the oil produced on the UK Continental Shelf is exported rather than being consumed domestically, so the gross volume of imports is not equivalent to total UK consumption minus total UK production. The Department does not estimate the gross volume of imports of oil or gas expected in future years.Projections of future net imports can be derived by subtracting projected UK Continental Shelf production from projected UK demand, although projections of the latter have been made for only the years 2010, 2015 and 2020. These are available in Annex J to the paper on Updated Energy and Carbon Emissions Projections published alongside the May 2007 Energy White Paper at:"http://www.berr.gov.uk/energy/whitepaper/page39534.html."Based on the published projections, net imports of oil in 2010 would be 176 million barrels; in 2015, 301 million barrels; and in 2020, 392 million barrels. The average price for oil so far in 2007 is $72/barrel, about £36/barrel. If net imports in future years were bought at that price, the cost would therefore be about £6.4 billion in 2010; £10.9 billion in 2015; and £14.1 billion in 2020.For gas, net imports in 2010 would be about 36 billion cubic metres (bcm); in 2015, 68 bcm; and in 2020,79 bcm. The average wholesale spot price for gas so far in 2007 is 30p/therm, equivalent to about £109 million/bcm. Thus, if imports in future years were bought at 2007 prices, the cost would be about £3.9 billion in 2010; £7.4 billion in 2015; and £8.6 billion in 2020.
Subjects
Imports; Fossil fuels
Date
18 December 2007
Reference
469 c1469W;469 c1468W; 173880
House
House of Commons
Westminster Hall adjournment debate on international oil reserves
Westminster Hall adjournment debate on international oil reserves
Lead member
Norman Baker
Answering member
Bill Rammell
Department
Foreign and Commonwealth Office
Type
Adjournment debates
Subjects
Climate change; Environment protection; Energy; Energy supply; Iraq; Economic situation; Imports; Fossil fuels; Oil; Pollution; Policy; Prices; Renewable energy; USA; Climate Change Convention
Date
18 March 2003
Reference
401 c195-202WH
Chamber / Committee
Westminster Hall
House
House of Commons