Written question asked by Julian Sturdy (Conservative) on Tuesday, 20 September 2022, in the House of Commons. It was due for an answer on Thursday, 22 September 2022. It was answered by Graham Stuart (Conservative) on Wednesday, 28 September 2022 on behalf of the Department for Business, Energy and Industrial Strategy.
Offshore Industry: North Sea
- Question
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To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the potential impact of the expansion of extraction activity in the North Sea on wholesale domestic gas price.
- Answer
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As an internationally traded commodity, natural gas prices are primarily driven by the underlying price in the global market. Many of the factors affecting the spikes seen recently in wholesale gas prices are attributable to international activity extending beyond the UK's domestic production. To date, the Department has not undertaken analysis of the impact of increased domestic gas production on domestic wholesale price specifically.
Secondary information
- Type
- Written question
- Reference
- 51639
- Session
- 2022-23
- Related items
- Transferred
- Yes
- Subjects
- Natural gas Prices Offshore industry North Sea
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2022-11-02 12:37:23 +0000
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2022-23/51639
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/commons/2022-23/51639
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/commons/2022-23/51639