• Natural Gas News

    UPDATE 1-UK looking at long-term energy contracts with other countries - PM Truss

Summary

British Prime Minister Liz Truss said on Tuesday the government was looking at long term energy contracts with other countries but had not yet signed any deals.

by: Reuters

Posted in:

Complimentary, Natural Gas & LNG News, Europe, Corporate, Political, News By Country, United Kingdom

UPDATE 1-UK looking at long-term energy contracts with other countries - PM Truss

(Adds report on Norway)

LONDON, Oct 4 (Reuters) - British Prime Minister Liz Truss said on Tuesday the government was looking at long term energy contracts with other countries but had not yet signed any deals.

Advertisement:

The National Gas Company of Trinidad and Tobago Limited (NGC) NGC’s HSSE strategy is reflective and supportive of the organisational vision to become a leader in the global energy business.

ngc.co.tt

S&P 2023

Asked by reporters if she was considering buying Norwegian gas, Truss said: "We will move forward on our own energy security ... But we are looking at long term energy contracts with other countries because as well as making sure we have got a good price, energy security is vitally important."

"No deal has been signed," she added.

The department in charge of energy policy did not provide a response when asked for further details on the strategy.

Bloomberg News reported on Tuesday that Britain was in talks with Norway to secure a natural gas contract of potentially 20 years to guard against winter blackouts.

The Norwegian oil and energy ministry directed questions on a potential deal with Britain to energy companies, when contacted by Reuters.

"There has not been talks between Norwegian and British authorities regarding the sale of gas," a ministry representative said.

Equinor, which handles about 70-80% of Norwegian gas sales, declined comment on "market speculations", while the UK government did not respond to a request for comment. (Reporting by Kylie MacLellan and Sachin Ravikumar; editing by William James)