UK Gas Market

David Duguid Excerpts
Monday 20th September 2021

(2 years, 7 months ago)

Commons Chamber
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Kwasi Kwarteng Portrait Kwasi Kwarteng
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The hon. and learned Lady is aware that we are entering a comprehensive spending review process at this moment. I am speaking to my right hon. Friend the Chancellor all the time about all sorts of things and all sorts of measures that we can bring in to make sure that people are protected from this gas price hike.

David Duguid Portrait David Duguid (Banff and Buchan) (Con)
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It is absolutely right that we continue on our energy transition to net zero. I welcome the Government’s ongoing commitment to increasing renewable and low-carbon capacity across the UK, not least in the form of carbon capture and storage, for example, as proposed by the Acorn Project at St Fergus in my constituency, where, at the moment at least, about 30% of the UK’s gas comes ashore. Does my right hon. Friend agree that while we still have a demand, albeit a declining demand, for natural gas, we must ensure that that demand is satisfied by domestic sources as far as reasonably possible?

Kwasi Kwarteng Portrait Kwasi Kwarteng
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What my hon. Friend says is entirely reasonable. I pay tribute to him in his role as Under-Secretary of State in the Scotland Office, where he and I spoke about these issues almost continually, it would appear—we spoke about Acorn and we spoke about carbon capture. He will know that I am passionately committed not only to carbon capture but to ensuring that we have a decent domestic supply of natural gas.