UK Oil & Gas PLC Successful Loxley Planning Appeal Outcome (0467O)
07 Giugno 2022 - 05:21PM
UK Regulatory
TIDMUKOG
RNS Number : 0467O
UK Oil & Gas PLC
07 June 2022
UK Oil & Gas PLC
("UKOG" or the "Company")
Successful Loxley Planning Appeal Outcome
UK Oil & Gas PLC (London AIM: UKOG) is delighted to announce
that the Right Hon Stuart Andrew MP, Minister for Housing acting
for the Secretary of State ("SoS") for Levelling Up, Housing and
Communities has overturned Surrey County Council's ("SCC") refusal
of planning consent for its wholly-owned Loxley conventional gas
and hydrogen feedstock project. With both planning and
environmental consents in hand the Loxley gas project can now,
finally, proceed ahead.
SCC twice refused planning consent, going against the advice of
its planning officers, forcing UKOG to undertake a lengthy and
costly appeal process. In January of this year the SoS recovered
the appeal from the Planning Inspectorate.
The Company has also consistently stated that it envisages
Loxley to play its part in the government's Hydrogen Strategy via
the supply of its gas as feedstock for reformation into clean
burning hydrogen, an energy source with an 85% reduction in related
carbon emissions versus natural gas.
Stephen Sanderson, UKOG's Chief Executive commented:
"We welcome this decision and its backing for Loxley's gas as a
secure, sustainable energy source with a far lower pre-combustion
carbon footprint than imports. Backing UK domestic gas makes
strategic, economic and environmental good sense. We look forward
to moving the Loxley project forwards and to working constructively
with the local community."
For further information, please contact:
UK Oil & Gas PLC
Stephen Sanderson / Matt Gormley / Allen Tel: 01483 941493
D Howard
WH Ireland Ltd (Nominated Adviser and
Broker)
James Joyce / Andrew de Andrade Tel: 020 7220 1666
Communications
Brian Alexander Tel: 01483 941493
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END
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