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Written question asked by Beth Winter (Labour) on Monday, 10 October 2022, in the House of Commons. It was due for an answer on Wednesday, 12 October 2022. It was answered by Graham Stuart (Conservative) on Tuesday, 18 October 2022 on behalf of the Department for Business, Energy and Industrial Strategy.


Natural Gas: Exploration

Question

To ask the Secretary of State for Business, Energy and Industrial Strategy, pursuant to the Answer of 28 September to Question 51639 on Offshore Industry: North Sea, whether he plans to undertake analysis of the potential impact of increased domestic gas exploration and extraction in the North Sea on domestic wholesale price specifically.

Answer

The Government works closely with Ofgem, National Grid Gas and other key industry organisations to monitor the gas supply horizon and the impacts on the wholesale market. The Government has also set up the Energy Supply Taskforce, which has begun negotiations with domestic and international suppliers to agree long-term contracts that reduce the price they charge for energy and increase the security of its supply.


Secondary information

Type
Written question
Reference
59346
Session
2022-23
Related items
Offshore Industry: North Sea
Wednesday, 28 September 2022
Written questions
House of Commons
Subjects
Exploration Natural gas Prices North Sea
Link
View this Written question on www.parliament.uk