UK Gas Market

Debate between Kwasi Kwarteng and Matthew Offord

Monday 20th September 2021 Commons Chamber

[Kwasi Kwarteng]

The hon. Gentleman is right to raise that issue. Clearly, to have interconnectors fail in the way they did last week, in the midst of a global gas price spike, is very concerning. We are looking at what went wrong and seeing what we can do with National Grid to hold it to account and to make sure that the risk of this happening again is minimised.

[Dr Matthew Offord (Hendon) (Con)]

The rise in the wholesale price of gas began back in January, with it rising by 250% since then. Why did no one in the Department anticipate this scenario?

[Kwasi Kwarteng]

We have anticipated many scenarios. I alluded to the fact that the oil price went from about $20 a barrel to $80 a barrel within just one year, and we have always been aware that commodity prices, particularly where demand can be very volatile, can be extremely volatile indeed. We look at that on a very regular basis.

Offensive Weapons Bill

Debate between Kwasi Kwarteng and Matthew Offord

2nd reading: House of Commons & Money resolution: House of Commons
Wednesday 27th June 2018 Commons Chamber

[Dr Offord]

I was not sure who you were speaking to, Mr Deputy Speaker.

[Kwasi Kwarteng]

I just want to intervene on my hon. Friend to say that I was simply making a personal remark to myself; I was not addressing the House. I am very pleased that my hon. Friend is focusing on the issues related to the Bill that apply directly to the capital.