Comment on Germany halting the approval of Nord Stream 2
Jess Ralston, ECIU analyst, on the halting of approval of Nord Stream 2, which has sent UK gas prices up.
By George Smeetoninfo@eciu.net
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Commenting on Germany halting the approval of Nord Stream 2, which has sent UK gas prices up, Jess Ralston, Analyst at the Energy and Climate Intelligence Unit (ECIU) said: “Gas prices are already surging and with Germany putting a halt to Nord Stream 2, the gas crisis now looks almost certain to last for years, not months.
“Given the global nature of gas markets, the UK’s dependence on gas for heating and power will leave UK bill payers on the hook for Putin’s incursion into Ukraine.
The government will increasingly feel the pressure to shield households in the long-term by insulating more homes, speeding the switch over to electric heat pumps and getting on with delivering the net zero policies that will wean us off volatile gas and protect us from future crises.”