Energy industry body EEEGR to pressurise government over tax and investment
10:42 24 July 2014
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Energy industry bosses in the East of England are being urged to put pressure on the government to help sustain North Sea gas production and exploration.
Simon Gray, chief executive of the East of England Energy Group (EEEGR), said he fears that without a change in the tax regime to encourage further investment, the sector could dwindle and leave gas reserves untapped when they could help fuel the UK for decades to come.
His call comes in response to the Treasury’s search for evidence on the future of the UK oil and gas tax regime and how it should further support the industry as well as ensuring the nation receives a fair share of the profits.
He said: “I want to rally support for the industry by pointing out the dangers of premature decommissioning of gas fields and removing infrastructure in the southern North Sea.
“Instead, we need to ensure further exploration and maximise new field developments.”
“I am also asking the New Anglia LEP, chambers of commerce, economic development departments, ports, airports and all stakeholders who benefit from the offshore industry in the region to have their say.
“We must make sure that the voice of the East of England is heard as loud as those in Aberdeen and the North East and to ensure that government is aware of the particular case and issues we have here in the East of England.”