UK parliamentarians take aim at Russian gas politics
Fingers pointed at the Kremlin as the primary driver of spiking European gas prices
UK parliamentarians took advantage of the country’s energy minister making a statement in the lower house on the impact of spiralling gas prices to accuse Russia of being a prime mover in driving up European gas prices as part of its political agenda. But Kwasi Kwarteng, the country’s secretary of state for business, energy and industrial strategy, refused to be drawn on the Kremlin’s role in the price spikes. “To what extent is the UK collateral damage in a Europe-wide crisis which has been caused by the Kremlin's weaponising of gas supply [and] its attempts to intimidate the EU into accepting [the] Nord Stream 2 [gas pipeline], potentially as a precursor to more violence in Ukraine?” asks
Also in this section
26 April 2024
While the US has been breaking records for its premium grade crude, there are doubts over whether you can have too much of a good thing
26 April 2024
Slowing demand growth and capacity expansions will squeeze refiners in coming years
25 April 2024
Some companies with assets in Israel have turned towards Egypt as tensions escalate, but others are holding firm despite rising tensions
24 April 2024
But even planned exploration activity is unlikely to reverse declining output from mature fields