§ 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.
§ 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.