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Atomic energy technology, politics, and perceptions from a nuclear energy insider who served as a US nuclear submarine engineer officer

Friends of the Earth endorses off shore gas and LNG project

July 29, 2005 By Rod Adams

Marathon Oil has announced plans to drill gas wells approximately 21 miles off the coast of Wales. The company discovered a gas deposit there in 1994, but determined that the market price was not high enough to support the cost of developing the field while still providing an attractive rate of return. The current price of gas and its future outlook now favor the project.

The development will include the construction of an onshore LNG handling facility.

Friends of the Earth apparently approves of the plan to drill off shore wells and build a large industrial facility on the Welsh coast. (The following quote is from a BBC article at http://news.bbc.co.uk/1/hi/wales/4725573.stm)

“Environmental pressure group Friends of the Earth Cymru said it was important the project would not have an impact on wildlife in the Irish Sea, but added it believed gas was cleaner than some other forms of energy.

Spokesperson Gordon James said: “Although priority must be given to renewable energy systems, such as wind, water and solar power, there is a role for gas as it is cleaner than oil and coal.”

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About Rod Adams

Rod Adams is an atomic energy expert with small nuclear plant operating and design experience, now serving as a Managing Partner at Nucleation Capital, an emerging climate-focused fund. Rod, a former submarine Engineer Officer and founder of Adams Atomic Engines, Inc., one of the earliest advanced nuclear ventures, has engaged in technical, strategic, political, historic and financial discussion and analysis of the nuclear industry, its technology and policies for several decades. He is the founder of Atomic Insights and host and producer of The Atomic Show Podcast.

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