A crucial North Sea pipeline network is facing possible closure a decade earlier than planned because of the UK Government’s North Sea tax raid.
The Forties Pipeline System - which connects more than 80 offshore gas and oil fields to the UK mainland - may shut down as early as 2030 if plans to extend the windfall tax suffocates investment.
Ineos bought the pipelines from BP in 2017 and committed to investing £500million to ensure it could run until the 2040s.
Source: Aberdeen & Grampian Chamber of Commerce
