Rt Hon. Greg Hands MP

Department for Business, Energy & Industrial Strategy, Government of the United Kingdom

Minister of State (Minister for Energy, Clean Growth and Climate Change)

Greg Hands was appointed Minister of State at the Department for Business, Energy & Industrial Strategy on 16 September 2021. He was previously Minister of State for Trade Policy in the Department for International Trade (DIT) from 13 February 2020 to 15 September 2021 and Minister of State in the Department for International Trade from 2016 to 2018. He was elected the Conservative MP for Hammersmith and Fulham in 2005, and for Chelsea and Fulham in 2010.

Sessions With Rt Hon. Greg Hands MP

Tuesday, 8 March

  • 03:35pm - 04:15pm (CST) / 08/mar/2022 09:35 pm - 08/mar/2022 10:15 pm

    Energy Security in Europe

    Panel Gas & LNG
    A “perfect storm” of factors caused natural gas prices in Europe to rise to a previously unimaginable level of $33/MMBtu in the fourth quarter of 2021. High prices and extreme volatility have continued into 2022. The key role of gas in setting electricity prices has magnified the economic impact. Europe’s evident exposure to the global LNG market as well as the Russian supply strategy has caused soul-searching among policymakers, with security of gas supply concerns being refocused on price rather than just availability. While some blame for the energy price crisis has been directed at EU decarbonization targets, many EU governments and institutions are emphasizing the need to hasten the shift away from natural gas, not only for climate reasons but also to improve the continent’s energy security.