Edward Miliband, a Labour Party figure who has drawn attention tipped for the chancellor’s role, has signaled he would approve the Jackdaw gas project in the nearby basin off Aberdeen.
The sign‑off this decision is viewed as a step to lock in the Treasury posting.
Miliband told the Telegraph that London’s key markets still regard him as the least appealing candidate for the chancellorship.
The Jackdaw field, presently operated by Spirit Energy, is located near Aberdeen and is the part of ongoing development plans that are slated for approval.
Environmental analysts note the project’s output would leave no measurable mark on global emissions.
Spirit Energy states the gas field will not materially influence climate change.