At long last, some common sense has prevailed in the North Sea.
The decision to approve Jackdaw is hugely welcome, not just for the thousands of people whose livelihoods depend on our offshore industry, but for every household and business in Britain that relies on secure energy supply.
This is a project that is 99.9% complete. Within weeks, it could be supplying British homes with gas produced on our own doorstep, under some of the highest environmental standards in the world.
Britain is going to need oil and gas for decades to come, and every molecule of North Sea gas displaces the need for imports, supporting British jobs, generating tax revenues and reducing the emissions associated with transporting energy halfway around the world.
But ministers must recognise that Jackdaw is only the beginning.
Rosebank represents another enormous opportunity to strengthen our energy security, sustain thousands of skilled jobs and support the world-class supply chain we have built in North-east Scotland.
And beyond these two projects lie billions of barrels of resources that could help meet Britain's energy needs while providing the investment, expertise and infrastructure required for the transition.
For too long, political paralysis has left our industry in limbo, with investment delayed and jobs disappearing.
Jackdaw shows what can happen when pragmatism wins over ideology.
The Government must now apply that same common sense to Rosebank, reform the punitive windfall tax and restore confidence in the future of the North Sea.
We cannot keep importing the energy we need while exporting the jobs, investment and tax revenues that come with producing it.
Russell Borthwick is Chief Executive of Aberdeen & Grampian Chamber of Commerce, which represents around 1,400 businesses in the North-east of Scotland.