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Clause 2 — Addition to list of treaties

Part of Orders of the Day – in the House of Commons at 6:45 pm on 30th January 2008.

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Photo of Peter Lilley Peter Lilley Conservative, Hitchin and Harpenden 6:45 pm, 30th January 2008

I shall do so in a moment after making a little further progress, when the right hon. Lady, as a fellow former Secretary of State for Trade and Industry, may realise that my arguments require no qualification by her.

We in this country have the biggest reserve of oil and gas in Europe. We would therefore share something positive with countries that face risks but do not have the same resources to share with us in the event of our needing their help. We have also diversified slightly more than other countries, especially in opening up to achieve 20 per cent. of our gas supplies from Qatar. That will relieve at least some of our dependence on future gas supplies from Russia and central Asia. I do not therefore understand the logical case for us, in our specific circumstances of being the principal oil and gas producer, to share risks and supplies with other countries.