Russian Oil and Gas Imports Debate
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Lord Hunt of Kings Heath
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Russian Oil and Gas Imports
Lord Hunt of Kings Heath Excerpts(2 years, 2 months ago)
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Lord Callanan (Con)
A number of companies are indeed under pressure and, unfortunately, we have seen a number exiting the market. I assure the noble Lord that we are in regular contact with all the gas and electricity supply companies; my right honourable friend the Secretary of State meets them regularly. This is indeed an unprecedented crisis but we are closely following events and I can say that, while there is obviously a problem with the price, there is no problem with security of supply.
Lord Hunt of Kings Heath (Lab)
My Lords, the Minister referred to the German decision to discontinue nuclear energy but is he satisfied with the progress that we are making in developing new nuclear?
Lord Callanan (Con)
Yes, I am satisfied with the progress that this Government are making. It is disappointing that previous Governments did not take action on new nuclear urgently; should the noble Lord wish to follow the debate tomorrow, we will be in Grand Committee on the Nuclear Energy (Financing) Bill.