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Gazprom offices in St Petersburg, Russia
UK Russia Gas Natural Gas markets
Peter Ramsay
21 September 2021
Follow @PetroleumEcon
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UK parliamentarians take aim at Russian gas politics

Fingers pointed at the Kremlin as the primary driver of spiking European gas prices

UK parliamentarians took advantage of the country’s energy minister making a statement in the lower house on the impact of spiralling gas prices to accuse Russia of being a prime mover in driving up European gas prices as part of its political agenda. But Kwasi Kwarteng, the country’s secretary of state for business, energy and industrial strategy, refused to be drawn on the Kremlin’s role in the price spikes. “To what extent is the UK collateral damage in a Europe-wide crisis which has been caused by the Kremlin's weaponising of gas supply [and] its attempts to intimidate the EU into accepting [the] Nord Stream 2 [gas pipeline], potentially as a precursor to more violence in Ukraine?” asks

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The UK’s problematic power price
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Expensive electricity has forced out swathes of energy-intensive industry and now threatens the country’s ability to attract future investment in datacentres and the digital economy

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