World UK's energy firms hold talks with business secretary amid fears gas price spike could lead to winter fuel shortages
Lebanon’s power problems: serious talk but no easy fixes
Egypt, Lebanon, Syria and Jordan energy chiefs affirmed their willingness to facilitate transfers of gas to Lebanon. Lebanese officials have said the World Bank has offered to provide funding for the gas, but provided no other details.
The government is meeting with representatives from Britain's energy firms amid fears a spike in gas prices could lead to food and fuel shortages.
Sky News understands Business Secretary Kwasi Kwarteng will spend today talking to senior executives from Ofgem,, National Grid, Energy UK, Octopus, Ovo, SSE, EDF, Scottish Power, Energy, E.ON, Bulb and SGN.
Mr Kwarteng tweeted that the UK government does "not expect supply emergencies this winter".
It follows reports that some companies that use gas in the production of products have shut down due to the high price of the fuel.
Lebanon: Government hikes petrol prices again to tackle shortages
Friday’s gasoline price hike is one of several in recent months to pave the way for fully lifting fuel subsidies.According to an official document signed off by newly installed Energy Minister Walid Fayyad, the price of 20 litres of 95-octane and 98-octane gasoline increased to 174,300 ($11.24) and 180,000 ($11.64) Lebanese pounds respectively.
A resulting shortage of carbon dioxide is said to be stoking worries there could be gaps in the supply of meat, as the industry uses CO2 in the slaughter of animals.
But there are also concerns some people will be unable to afford the high cost of heating their homes over winter.
A spokesperson for the Business, Energy and Industrial Strategy department told Sky News: "The UK benefits from having access to highly diverse sources of gas supply to ensure households, businesses and heavy industry get the energy they need at a fair price.
"We are monitoring this situation closely and are in regular contact with the food and farming organisations and industry, to help them manage the current situation."
UK energy company seeks funds to avoid collapse
Bulb, the UK's sixth largest energy provider, is seeking funds due to price rises in wholesale gas.The company, with 1.7m customers, is working with the investment bank Lazard to try to shore up its balance sheet.
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In an unusual move and in a reference to consumers, government officials have written an "explainer" to set out why "the Great Britain (GB) gas system has... sufficient delivery capacity to more than meet demand".
The rise in gas prices has been blamed on high global demand, maintenance issues, and lower solar and wind energy output.
A former Ofgem chief told the BBC Radio 4 Today programme that Britain is likely to face high energy prices for the rest of the year.
Dermot Nolan said the increases were the result of depleted stocks following a cold winter last winter, reduced supply from Russia, and increased demand for liquefied natural gas from the Far East.
The government has been urged by meat producers to protect the food supply chain after the gas price hike resulted in the industry suffering carbon dioxide shortages.
Sourcing fuel, Hezbollah cements role as Lebanon's real ruler
Iranian fuel has entered Lebanon without state authorisation and despite US sanctions following arrangements by Shiite group Hezbollah, consecrating the party's status as the main powerhouse in the crisis-hit country. The party, which is designated by the US as a terrorist group and is the only militia to have kept its arsenal after Lebanon's 1975-1990 war, arranged for dozens of trucks carrying Iranian fuel to enter Lebanon via Syria last week. The delivery was not officially approved by the government and the trucks entered via an illegal crossing for a transaction that violates US and other sanctions.
Fertiliser plants in Teesside and Cheshire, which produce CO2 as a by-product,as a result of the sudden rise in wholesale gas prices.
Sky's Ed Conway says that in the coming months, we can expect many more industrial plants to temporarily cease production.
Nick Allen, chief executive of the British Meat Processors Association, told Sky News his industry's concern was "what conversations are going on with this company that shut down these two fertiliser plants".
He said: "We're in the dark about as to what negotiations going on there, but we sincerely hope that something is happening.
"In very simple terms, if we can't humanely slaughter the poultry and pigs, you could see British poultry meat and British pork disappear off the shelves in the next couple of weeks.
"The impact it will have at farm level is absolutely horrendous, from our perspective this is something that really needs to be taken seriously now.
"What's going to happen back at farm level where these animals are left on the farm? What are the farmers going to do with them? It's unthinkable some of the consequences here, and that's why it's really important the government gets stuck into this, it needs government intervention at some level."
Gas crisis leaves Europe searching for solutions .
Consumers face a steep rise in energy bills as governments try to fund the move to renewable energy. Here, five correspondents explain how different countries are responding.Spain acts to curb record energy bills © BBC Consumers' bills have spiralled here in recent months, with the cost of electricity increasing 35% over the last year and nearly 8% in August alone.Energy prices in Spain are closely tied to the wholesale gas market, so the price per megawatt hour for consumers has repeatedly hit new highs recently.