‘Gas crisis’ brings UKCS supply into focus
The UK’s vulnerability to high international prices may offer an opportunity to remake the argument for domestic production
The UK government is scrambling to respond to a series of energy supplier bankruptcies and industrial shutdowns that threaten to worsen an ongoing supply chain crunch on the back of spiralling wholesale gas prices. But if every crisis is an opportunity, it may offer an apposite juncture for the UK upstream industry to press home the advantages of domestically produced hydrocarbons while the country still requires them. David Duguid, until a recent reshuffle a junior minister in Boris Johnson’s Conservative government, grasped this point when the country’s energy minister Kwasi Kwarteng was moved to make a statement to the lower house on the UK gas market. “I am very passionately commit

Also in this section
11 August 2025
The administration is pushing for deregulation and streamline permitting for natural gas, while tightening requirements and stripping away subsidies from renewables
8 August 2025
The producers’ group missed its output increase target for the month and may soon face a critical test of its strategy
7 August 2025
The quick, unified and decisive strategy to return all the barrels from the hefty tranche of cuts from the eight producers involved in voluntary curbs signals a shift and sets the tone for the path ahead
7 August 2025
Without US backing, the EU’s newest sanctions package against Russia—though not painless—is unlikely to have a significant impact on the country’s oil and gas revenues or its broader economy