UK Gas Market
Debate between Kwasi Kwarteng and Bob Seely(3 years, 2 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Bob Seely (Isle of Wight) (Con)
To what extent is the UK collateral damage in a European-wide crisis caused by the Kremlin’s weaponising of gas supply and its attempts to intimidate the EU into accepting Nord Stream 2, potentially as a precursor to more violence in Ukraine? Should we not see this hybrid war for what it is and plan long term accordingly?
Kwasi Kwarteng
As my hon. Friend knows and has expressed, there are geopolitical elements to this in terms of the reliance of a large part of Europe on Russian gas. I am here to reassure people about a common misconception. We are not dependent at all on Russian gas. The gas sources are as I have described—50% are local, 30% are from Norway and about 18% are from LNG, which comes from all around the world—so I want to minimise the notion that we are somehow at the mercy of Russian gas policy.