Peston issues dire gas warning as Britain struggles with supplies 'We could run out'

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Peston issues dire gas warning as Britain struggles with supplies 'We could run out'

Robert Peston has warned that gas supply could run out if the UK experienced a “real sharp winter” this year. The warning came as gas prices contin

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Robert Peston has warned that gas supply could run out if the UK experienced a “real sharp winter” this year. The warning came as gas prices continued to surge in the UK as the demand for gas is rising across Europe, leaving some fearing Britain could physically be at the back of the queue.

ITV political editor Robert Peston said: “Because this is something that really matters to people.

“We are vulnerable as a nation.

“We don’t have enough storage of gas and therefore if you had a real sharp winter, very cold temperatures we could run out.”

The chairmen of INEOS, a British multinational chemicals company, Sir Jim Ratcliffe said in response: “Yeah, in which case what you would do is to shut down an industry.”

Mr Peston said: “Which will be a catastrophe.” 

Mr Ratcliffe said: “Economically. I mean you know we’re in a bad place as it is as COVID. 

“And so you don’t really need to be shutting industries down and that’s not great for British industry.

“If we were telling all our customers we can’t supply them.”

The UK has been witnessing a rise in gas prices and energy suppliers stop trading.

This is a cold winter last year, which sent gas demand rising, depleting stores.

However, Energy Secretary Kwasi Kwarteng said it was misguided to start talking about gas shortages.

He said: “There is no question of the lights going out, of people being unable to heat their homes.

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No 10 also said the UK has a “diverse and secure” range of suppliers.

However, many annual household fuel bills will rise by £135 or more.

The UK has been badly hit because it’s one of Europe’s biggest users of natural gas.



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