Natural Gas (Imports)

Part of the debate – in the House of Commons at 3:32 pm on 30 January 1992.

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Photo of Mr Colin Moynihan Mr Colin Moynihan , Lewisham East 3:32, 30 January 1992

Increased competition will have a beneficial effect on the pricing of gas for the United Kingdom industrial sector. There is no doubt that a liberalisation of the marketplace, with a larger marketplace, will be considered attractive by those making long-term investment decisions in the gas sector, particularly in the southern basin. Access to an interconnector with Europe will play an important part in future marketing strategies, so the thrust of my hon. Friend's remarks is correct.