Stories tagged with "tony blair"

EuroNews: November 15, 2006

Posted by Chris Vernon on November 14, 2006 - 8:12pm in The Oil Drum: Europe
Topic: Miscellaneous
Tags: euronews, russia, solar power, tony blair [list all tags]

Protesters stop gas pipeline work
National Park fears pipeline plan
Protesters who have occupied a section of a huge natural gas pipeline being laid from Milford Haven [LNG import terminal] to England say they aim to stay "for the long haul".

The whole project is forecast to cost £750m ($1.4bn) and National Grid is contractually obliged to start delivering gas in October 2007. It aims to start building the second section - 115 miles long - in early 2007. If it fails to meet the timetable, it could incur up to £36m in fines by September 2008, imposed by energy regulator Ofgem. The penalty would start at £2m for the first month and increase incrementally. In addition, National Grid would have to compensate the energy firms - Exxon, Qatar Petroleum, BP and Petronas - for their inability to import LNG.

So import agreements may not be met, potentially leading to the bizarre situation where not only is the UK paying through the nose for imported gas from other sources but the country is also paying (posibley, even some of the same people) compensation for not being able to import gas.
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