Natural Gas

Trade and Industry written question – answered on 30th March 2006.

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Photo of Geoffrey Clifton-Brown Geoffrey Clifton-Brown Shadow Minister (Foreign and Commonwealth Affairs)

To ask the Secretary of State for Trade and Industry what assessment he has made of the implications of the capping of natural gas prices in (a) Russia and (b) China.

Photo of Malcolm Wicks Malcolm Wicks Minister for energy, Department of Trade and Industry

International gas market issues are important elements of the UK's approach to energy security as set out in the document UK International Priorities-The Energy Strategy" produced jointly by Department of Trade and Industry, FCO and DEFRA. It is available online at:

http://www.fco.gov.uk/selet/Front?PagenameOpenMarket/Xcelerate/ShowPage&cPage&cidl107298279424

The strategy recognises that low (or capped) gas prices in Russia (and by implication China) deter investors from building new capacity in production and infrastructure and reduce incentives for energy efficiency. DTI, FCO and DEFRA will continue to assess the implications to UK energy security in the context of all the issues identified in the strategy.

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