Transco to spend £350m

Transco, BG’s pipeline arm, said this week that it will spend £350m on extending the national gas transmission system. The company said the investment, over the next two years, would cover 20 separate projects, which would increase the length of its 6,300km network by 8%. It said it had already placed 11 of the contracts […]

Transco, BG’s pipeline arm, said this week that it will spend £350m on extending the national gas transmission system. The company said the investment, over the next two years, would cover 20 separate projects, which would increase the length of its 6,300km network by 8%. It said it had already placed 11 of the contracts and would award the remainder within the next few months. The announcement came as Transco faced further criticism from large industrial consumers – which are facing increases of more than 50% in their gas bills this year – for under-investing in the transmission system over the past four years.