Natural Gas: Prices
Commons · Question 119005 · Tabled 9 Mar 2026 · Department for Energy Security and Net Zero · Official record
Answered 17 Mar 2026
Question
Asked by Euan Stainbank
To ask the Secretary of State for Energy Security and Net Zero, what assessment he has made of the impact of the escalation of conflict in the Middle East on Industrial Gas prices.
Answer
Answered by Martin McCluskey, 17 Mar 2026
As was the case when Russia invaded Ukraine, the UK will be exposed to price competition in international oil and gas markets, which is pushing up wholesale prices as other countries seek to replace lost supplies from the region. That reflects our positio...