Policy Brief - The North Sea: Europe’s Energy Powerhouse - By Hamza Mjahed
17 February 2023
By increasing investment in the oil and gas sector, and developing the infrastructure required to transport energy to and from the North Sea, Europe can ensure secure energy supplies for the long term. [...] One of the key obstacles to unlocking the North Sea's energy potential is the magnitude and complexity of the region’s maritime environment. [...] The North Sea became one of the most important offshore oil-producing regions in the world, with Norway and the UK the leading producers, accounting for around 80% of the region's output1. [...] Conclusion The North Sea has played a significant role in Europe’s energy supply, and this is bound to remain the case in the future, with countries recognizing the importance of further developing conventional energy sources to mitigate the impact of the energy crisis and reduce their dependence on Russian fossil fuel, while channeling investment for long-term renewable energy projects that will. [...] About the Policy Center for the New South The Policy Center for the New South (PCNS) is a Moroccan think tank aiming to contribute to the improvement of economic and social public policies that challenge Morocco and the rest of Africa as integral parts of the global South.