NGC Responds to concerns expressed by Downstream Natural Gas Consumers
NGC has noted statements made in Parliament highlighting ongoing supply concerns expressed by the downstream natural gas consumers.
NGC has noted statements made in Parliament highlighting ongoing supply concerns expressed by the downstream natural gas consumers.
NGC believes it important to provide its perspective on the tight supply and demand issue that has been affecting the natural gas industry since late 2010. At that time, the upstream producers, among them one of our largest suppliers, began an extensive programme of work to maintain and upgrade their offshore facilities, aimed at improving the integrity and safety of these physical assets as well as the reliability of supply. There have also been disruptions in bringing on new wells and infrastructure to ensure a reliable supply. The result has been periodic shutdown of offshore producing assets.