UK's Johnson, oil bosses discuss increasing North Sea investment

British Prime Minister Boris Johnson visits Cammell Laird shipyard in Merseyside
British Prime Minister Boris Johnson stands onboard of HMS Dauntless, a Type 45 air-defence destroyer of the Royal Navy that has undergone a refit, as he visits Cammell Laird shipyard in Merseyside Britain, March 10, 2022. REUTERS/Phil Noble

LONDON, March 14 (Reuters) - British Prime Minister Boris Johnson and the bosses of offshore oil and gas companies discussed ramping up investment in the North Sea and boosting supply of domestic gas in a meeting on Monday, a Downing Street spokesperson said.

"The Prime Minister and CEOs discussed increasing investment in the North Sea oil and gas industry and boosting supply of domestic gas. This included how the UK can remove barriers facing investors and developers, and help projects come online more quickly", the statement said.

The statement comes as western countries cut their exposure to Russian oil and gas supply after Moscow invaded Ukraine last month. London-listed oil major Shell stopped buying Russian crude last week, while BP abandoned its stake in Russian oil giant Rosneft.

Reporting by Muvija M; Editing by Kate Holton

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