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Security of Supply

We keep hearing the mantra that gas production in the North sea has declined more quickly than predicted but I have yet to meet anyone in the industry who agrees with that analysis. Centrica, which owns the Morecambe bay field and is meant to be the culprit, has clearly said that production has reached a plateau and is declining according to expectations. There has been at least a communications failure between the Government and the industry, or perhaps the Government have not been told the truth, but it is not good enough to keep telling us that gas supplies have declined more quickly than anticipated because that is not true.