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UK business minister seeking to manage impact from gas price surge

Economic IndicatorsSep 18, 2021 17:45
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© Reuters. FILE PHOTO: Britain's Minister of State for Business, Energy and Industrial Strategy Department Kwasi Kwarteng leaves Downing Street in London, Britain, September 4, 2019. REUTERS/Hannah McKay/File Photo

LONDON (Reuters) - Britain's business minister Kwasi Kwarteng said protecting customers during a time of higher global gas prices was an absolute priority and he would meet industry bosses again on Sunday and Monday to work on the issue.

Kwarteng met energy bosses and the regulator on Saturday and said afterwards that he had been reassured that security of supply was not an issue and that people would still receive gas and electricity uninterrupted, even if a supplier failed.

"I will remain in constant contact with colleagues across government to manage the wider implications of the global gas price increase," he said on Twitter (NYSE:TWTR).

UK business minister seeking to manage impact from gas price surge
 

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Comments (2)
Cedric Cedric
Cedric Cedric Sep 20, 2021 4:42
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Look at April future prices , way down, this was inflated by traders, they will take down it before they get investigaed by the SEC.
Hogy Boy
Hogy Boy Sep 18, 2021 22:16
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Hmm. Why is there a global gas price Increase?This is man made price rise as opposed to man made global warming.
 
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