Categories: Business

UK government eyes Qatar for gas deals


Wed, 2022-10-05 16:04

LONDON: The British government is negotiating with Qatar and Norway to secure new long-term gas contracts amid crippling energy shortages, the Times of London reported.

Business Secretary Jacob Rees-Mogg is reportedly negotiating deals that would see Britain required to purchase a significant quantity of gas products at a set price over at least the next decade, which could put Britain at risk of overpaying if the market suddenly changes.

Main category:
Business & Economy



Source link

gulftimes

Recent Posts

Pig kidney works in human body for 271 days – is this the future of organ transplants?

A kidney transplanted from a pig has worked inside a patient for 271 days –…

7 hours ago

New GP and wellbeing hub in Newhavan ‘a major milestone’

The council says the plan is to create an environment which can offer healthcare, wellbeing…

14 hours ago

Security Council LIVE: Addressing the legacy of Syria’s chemical weapons

Following revelations from the UN nuclear watchdog that the former Syrian regime failed to report…

17 hours ago

Outside forces fuel Sudan war, new report finds

This action is strengthening the military capabilities of the warring parties and enabling increasingly sophisticated…

17 hours ago

Nepal floods leave 22,000 children without safe water: UNICEF

Water systems have been damaged across affected districts, while toilets and other sanitation facilities have…

17 hours ago

Palestinian teens killed during settler attack on West Bank village, officials say

At least 81 Palestinians have been killed by Israeli forces or settlers in the West…

20 hours ago