Logan Hosts Showcase Event for Peterhead Port
Local MP Seamus Logan has hosted an event in Parliament to showcase Peterhead Port Authority
Local MP Seamus Logan has hosted an event in Parliament to showcase Peterhead Port Authority and its ambitions across a range of sectors including fishing, wind, hydrogen, CCUS, decommissioning and ongoing oil and gas production logistics support.
The event, which took place in the House of Commons, was attended by a cross-party group of MPs, UK Energy Minister Michael Shanks, representatives of Peterhead Port Authority and a range of other stakeholders.
Speaking at the event, Aberdeenshire North and Moray East MP Seamus Logan said:
“I believe it is our job as politicians, as Scottish politicians, whether in Government or opposition to ensure that we encourage investment, that we focus our expenditure on the infrastructure of the future and that we provide clearly articulated support in the public realm so that bodies like Peterhead Port Authority can deliver on their vision and ensure the continuing economic growth and enhanced prosperity both locally and to the wider Scottish and UK economies.”
Peterhead Port Authority chief executive Graeme Reid said:
“Despite our successful 400-year legacy, I believe the best is yet to come for Peterhead Port.
“From a personal perspective, I’ve never been more excited about the prospects that we have – fishing, wind, hydrogen, CCUS, decommissioning and ongoing oil and gas production logistics support.”
However, Mr Reid sounded a warning with the Budget looming and the prospect of further punitive taxes and reduced investment allowances for energy companies. Mr Reid added:
“In order to be an enabler for all these sectors we need investment support such that we can transition without there being a gap in time which will result in a loss of assets, vessels and expertise that we require to develop new industries.”
He said the port was undertaking a 10-year masterplan with infrastructure developments and enhancements at the heart of it.
“Just as it did in the early 1970s with the arrival of North Sea oil and gas, the Port is adapting its facilities quickly to support the energy transition.”
Mr Reid also called for government backing for a proposed Investment Zone for the area – including the port – which would help attract significant private investment to the region, creating jobs, opportunities and support for the wider energy transition.
