Skip to main content

Gas Gathering Pipe Lines (North Sea) Ltd

Volume 929: debated on Wednesday 6 April 1977

The text on this page has been created from Hansard archive content, it may contain typographical errors.

asked the Secretary of State for Energy if he will give the percentage holdings of all the participants in Gas Gathering Pipe Lines (North Sea) Ltd, and the expected date of the company's report.

As my right hon. Friend announced in answer to my hon. Friend the Member for Dunbartonshire, West (Mr. Campbell) on 1st April, the private sector participation in Gas Gathering Pipelines (North Sea) Ltd. has now been agreed. Four companies, BP, ICI, RTZ and Total/Elf, will hold one-third of the shares equally divided between them. The remainder of the shares will be held by British Marine Pipelines Ltd., a public sector holding company jointly owned by the British Gas Corporation and the British National Oil Corporation.GGP has been asked to submit an initial report to my right hon. Friend by 31st December 1977, updated by the end of March 1978.