Archive (Walters MSS)

Economy: Alan Walters diary (Gas pipeline) [pipeline deliberations][released 2012]

Document type: Declassified documents
Source: Walters MSS (Churchill Archives Centre): WTRS 3/1/1
Editorial comments: Read other entries from this diary. View all Walters documents. The original diary can be studied here
Importance ranking: Major
Word count: 76
Themes: Monetary policy

Friday 4th September 1981

GGP [Gas Gathering Pipeline] - Egy Officials believed that Oil companies deliberately throw money away!

Many of arguments (e.g. that Multiple will ignore some profitable small pockets of gas) hinge on the fact that oil companies do not act in their own interests.

GGP ensure ethane - but who wants it and why would it not be built if profitable.

Robin Ibbs essentially said that GGP was not worth the risks involved so much money [sic]