Analysis: 'Living hand to mouth': Europe's gas crunch shows little sign of easing
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The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.
Thousands of British businesses need state-backed rescue measures to arrest declining production amid surging energy costs, the head of the Energy Intensive User Group warned.
Russia has been accused of holding Europe to ransom over gas supplies in order to win approval for its Nord Stream 2 pipeline, a project that was only completed after Joe Biden lifted sanctions.
The energy crisis has been blamed, in part, on a shortage of natural gas caused by Vladimir Putin allegedly 'choking' supplies to Europe.
Andrew Large, of the Confederation of Paper Industries, attended a meeting on Friday with Business Secretary and other representatives of energy intensive industries.