UK approves Shell and Equinor's Jackdaw gas field, citing need to reduce reliance on imports via Strait of Hormuz

Summary

The UK government has approved the development of the Jackdaw North Sea gas field, a joint venture between Shell and Equinor. The decision is framed as a move to bolster domestic energy security and reduce reliance on foreign imports, explicitly citing global shortages linked to trade restrictions in the Strait of Hormuz.