Today news
About the same in other media
22.12 - 18:47
Gas crisis fuels call for UK to update energy security policy
Reading now: 168
Ministers are relying on an outdated energy security policy, leading academics have warned, as escalating tensions between Russia and western leaders propelled the gas market to record price highs.
UK gas reached a record closing price of 322.5 pence per therm on Tuesday, according to data from market price experts at ICIS, vaulting ahead of the previous high of just over 298p/therm set in early October this year.
A record was also set in Europe, as the benchmark market in the Netherlands rose to a record €127.45 per megawatt hour, according to ICIS data, breaking through the €116.75/MWh ceiling set in October.
The price spike was triggered by concerns over deteriorating relations with Russia, one of the largest suppliers of gas into Europe,
Read more on theguardian.comAbout this in other media
Kremlin denies restricting gas supplies to Europe for political gain theguardian.com /2 years ago
Madagascar minister swims 12 hours to reach shore after helicopter crash euronews.com /3 years ago
Global supply chain crisis could last another two years, warn experts theguardian.com /3 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
