Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps his Department is taking to ensure the resilience and competitiveness of international energy markets.

The global COVID-19 pandemic has resulted in unprecedented falls in demand in global energy markets and increased market volatility. Ensuring reliability, stability and security of energy supply during this global emergency is vital. The UK remains a strong supporter of free, transparent, and competitive energy markets and we are working closely with actors right across the sector to ensure that global energy systems remain secure and reliable

I attended an extraordinary meeting of G20 Energy Ministers held on 10 April to discuss the impact of the Covid 19 on global energy markets. At that meeting Ministers agreed that ensuring energy market stability and affordable and secure energy are key in addressing the health, well-being and resilience of all countries throughout the crisis response and recovery phases.

G20 Ministers also committed to work together to develop collaborative policy responses to ensure market stability across all energy sources, the security of our energy systems, and the uninterrupted flow of energy.

We continue to monitor market developments and remain in regular contact with G20 and other international partners.