28 April 2008
Gas prices may be about to rise as a consequence of the energy crisis in Scotland this week, it has been claimed.
Workers at the Grangemouth refinery have decided to strike over a pension deal and this has led to the closure of the Forties Pipeline by BP, which carries energy to mainland Scotland.
And this pipeline usually provides support to gas fields, one organisation has said, something that will be hindered by the current action.
Oil & Gas UK, the trade association, also contended that the episode is likely to have far-reaching financial implications.
"There are some gas fields that need a functioning Forties pipeline in order to keep producing," Sally Fraser from the firm explained.
And while there will not be an "immediate" impact on the consumer, she added, the UK will lose £50 million for every day that the pipeline is out of action.
Drivers looking to panic buy large quantities of fuel have been warned against this method of action by the Business Secretary John Hutton.
© 2008 Adfero Ltd
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