In response to news about the gas market reacting to the conflict in the Middle East, Paul Morozzo, senior climate campaigner for Greenpeace UK, said:
“The Strait of Hormuz is the pinch point for global gas supplies, and the UK’s energy bills. European gas prices have already surged by 50% in response to Qatar restricting supply, and there are predictions that the attack on Iran could lead to them increasing by 130% [1]. If your energy system uses gas then your energy bill is at the mercy of unstable regimes, in the Middle East and elsewhere, and oil profiteers. The UK’s gas supply, including the little remaining in the declining North Sea basin, is sold to us at market rates by those multinational oil majors. The only way the UK can be secure and self-sufficient in energy production is by using fuel supplies that can’t be disrupted – sunshine and wind.”
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