Natural Gas: Prices

(asked on 6th December 2021) - View Source

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

To ask the Secretary of State for Business, Energy and Industrial Strategy, whether his Department has made an assessment of the potential merits of entering a collective bargaining agreement with Europe to regulate high gas prices enforced by Norway.


Answered by
Greg Hands Portrait
Greg Hands
This question was answered on 14th December 2021

Norway is a significant, longstanding and reliable gas supplier to the UK with supply based on commercial arrangements between buyers and sellers. Current gas prices are high for many reasons including rebounding global demand as COVID-19 lockdowns ease; greater LNG demand in Asia; upstream maintenance affecting supply capacity over summer, and higher demand for gas in electricity generation on the Continent as coal is disincentivised.

Reticulating Splines