North Sea Midstream Partners (“NSMP” ”) is a privately-owned business that was formed in 2012 to pursue midstream infrastructure opportunities in the North Sea. NSMP’s first acquisition was the Teesside Gas Processing Plant (“TGPP”) and its second acquisition was the St Fergus Gas Terminal (“SFGT”) and associated FUKA and SIRGE pipelines which it acquired from Total in 2015. NSMP transports and processes natural gas from North Sea oil and gas fields on behalf of its customers who are energy majors, utilities and independent producers. Gas produced from North Sea fields is transported to shore via offshore gathering or trunk pipelines (including FUKA and SIRGE) and then requires processing onshore (at terminals including in the TGPP and SFGT) to remove Natural Gas Liquids ("NGLs") such as propane, butane and condensate before it meets the specification for sale to end users via the National Transmission System. The NGLs that are removed are then typically sold to end users such as petrochemical companies after fractionation into separate products.