The potential sabotage of a gas pipeline between Finland and Estonia and the closure of the Tamar gas field due to the war between Israel and Hamas has pushed up the price of wholesale gas
said the centre right cannot afford to “vacate the battlefield of ideas” on fighting global warming, and that the UK’s future prosperity depends on using alternative energy sources to gas and oil.Finland’s gas operator warned on Wednesday that repairs to the Balticconnector pipeline will take at least five months and will not be back in use until April 2024 at the earliest.
Storage is 97 per cent full and there are floating cargoes offshore to bolster supplies. Gas prices are still well below the peak of summer 2022, following Russia’s invasion of Ukraine. “The subsequent exploitation of oil and gas expanded access to energy and generated further wealth, including here in the UK.
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