Cygnus is the UK’s largest gas field discovery in the southern region of the North Sea in the past 25 years. It is operated by co-owner GDF Suez, with Scottish Gas parent Centrica holding the biggest stake and Norway’s Bayerngas also involved.
The economic benefits of the Cygnus gas project will be felt across the UK, in particular in Scotland, where offshore infrastructure is being built at yards in Fife and the Highlands.
Adrian Cooper, chief executive of Oxford Economics, said: “The Cygnus North Sea project is already supporting valuable income and employment opportunities in the north-east, in Scotland and throughout the UK, even though the gas production process itself has yet to start. The benefits are being felt not just by those directly involved in the design and build of the required infrastructure, but also by suppliers of goods and services of all kinds to those contractors.”
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