Gas Industry

Trade and Industry written question – answered on 29th November 2006.

Alert me about debates like this

Photo of John Hemming John Hemming Member, Procedure Committee, Member, Regulatory Reform Committee 29th November 2006

To ask the Secretary of State for Trade and Industry what estimate he has made of how much more gas would enter the UK were Europe's gas markets to be liberalised.

Photo of Malcolm Wicks Malcolm Wicks Minister of State, Department of Trade and Industry 29th November 2006

holding answer 21 November 2006

It is not practical to make an assessment of the level of gas that would flow into the UK as a result of European liberalisation. A liberalised market would lead to increased imports and exports of gas between the UK and Europe in turn leading to more efficient allocation of resources and potential benefits to consumers in both UK and continental Europe. In particular improved liquidity of gas in European markets could provide incremental gas in times of demand peaks and lead to a reduction in price volatility in the longer term.

Does this answer the above question?

Yes0 people think so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.

Annotations

No annotations

Sign in or join to post a public annotation.