Global Gas Prices

Part of Business, Energy and Industrial Strategy – in the House of Commons at on 16 November 2021.

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Photo of David Duguid David Duguid Conservative, Banff and Buchan

On energy security, UK natural gas production has come down from around two thirds of UK demand in 2015 to less than half in the first quarter of this year—with, by the way, around 25% coming ashore at St Fergus in my constituency. Does my right hon. Friend agree that although we see a welcome increase in UK renewable capacity, it is far preferable, while a reducing demand for gas still exists, to source that gas domestically rather than to depend on foreign imports?