HC Deb 26 May 1966 vol 729 c150W
78. Mr. Dalyell

asked the Minister of Power if he will give an assurance that exploitation of North Sea oil and gas deposits takes place in accord with the public interest.

Mr. Marsh


79. Mr. Dalyell

asked the Minister of Power what steps he is taking to promote a fixed price or a cost-plus pricing policy for North Sea oil or gas deposits.

Mr. Marsh

The price to be paid is a matter for negotiation between the purchaser and the licensee. In the event of a disagreement between the Gas Council and a licensee on the price of gas, I may be called upon to exercise my functions under Section 9 of the Continental Shelf Act, 1964.

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