Consumers in Britain are bracing for a surge in energy costs amid a global gas squeeze. AP
Consumers in Britain are bracing for a surge in energy costs amid a global gas squeeze. AP
Consumers in Britain are bracing for a surge in energy costs amid a global gas squeeze. AP
Consumers in Britain are bracing for a surge in energy costs amid a global gas squeeze. AP

Minister says UK 'can't nullify' energy crunch amid calls for fracking and wind expansion


Tim Stickings
  • English
  • Arabic

Fracking and onshore wind have been touted as potential solutions to an energy crisis in Britain that has put ministers under pressure over soaring consumer fuel prices.

The government says a rewritten energy strategy will be published shortly after Russia’s invasion of Ukraine added to the woes of Europe’s fuel consumers.

Cabinet minister Brandon Lewis said on Saturday that the government “can’t completely nullify” the effects of the global energy crunch as the UK faces calls to ease costs with a windfall tax on energy providers.

Such a tax “won’t necessarily have the impact on global prices that people think it will” and would deprive energy companies of money needed to produce more power, argued Mr Lewis on Sky News.

Protests were due on Saturday over what the opposition describes as a cost-of-living crisis, after energy regulator Ofgem announced a 54 per cent rise in its price cap during what it called a once-in-a-generation gas squeeze.

As ministers look to increase domestic energy supply, the Daily Telegraph reported Prime Minister Boris Johnson would be presented with plans to double the UK’s onshore wind capacity by 2030 and treble it by 2035.

Mr Johnson could sign off the proposals as soon as next week, it said. But some of his own Conservative MPs are sceptical of wind power and of loosening planning laws to build new turbines.

An expansion of onshore wind power is being proposed as a move to ease the energy crunch in Britain. Getty
An expansion of onshore wind power is being proposed as a move to ease the energy crunch in Britain. Getty

The prime minister, who once said turbines in Britain “couldn’t pull the skin off a rice pudding”, has warmed to wind power in recent years but has previously put more emphasis on offshore wind parks.

Another politically contentious option would be a revival of shale gas fracking, a practice that was halted in 2019 because of concerns that the drilling could cause earthquakes.

Business Secretary Kwasi Kwarteng has said that fracking would not lower costs because the problem in Britain is high global energy prices rather than a shortage of gas.

“Producers won’t sell shale gas to UK consumers below the market price. They’re not charities,” he said.

But some MPs are urging him to reconsider, and the head of British Gas owner Centrica, Chris O’Shea, said the idea was worth looking into.

“The key question is, do we want to source our gas from overseas? Or do we want to have more gas domestically? And shale is certainly worth exploring,” he told BBC radio.

However, “we do have to be careful, if it does cause earthquakes, it's not something we should do,” he said.

Mr Johnson has promised that Britain will stop importing Russian oil by the end of the year and look at reducing what is already a small quantity of gas purchases from Moscow.

Russian imports account for 18 per cent of Britain’s diesel but none of its petrol and heating oil, ministers say.

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Citizenship-by-investment programmes

United Kingdom

The UK offers three programmes for residency. The UK Overseas Business Representative Visa lets you open an overseas branch office of your existing company in the country at no extra investment. For the UK Tier 1 Innovator Visa, you are required to invest £50,000 (Dh238,000) into a business. You can also get a UK Tier 1 Investor Visa if you invest £2 million, £5m or £10m (the higher the investment, the sooner you obtain your permanent residency).

All UK residency visas get approved in 90 to 120 days and are valid for 3 years. After 3 years, the applicant can apply for extension of another 2 years. Once they have lived in the UK for a minimum of 6 months every year, they are eligible to apply for permanent residency (called Indefinite Leave to Remain). After one year of ILR, the applicant can apply for UK passport.

The Caribbean

Depending on the country, the investment amount starts from $100,000 (Dh367,250) and can go up to $400,000 in real estate. From the date of purchase, it will take between four to five months to receive a passport. 

Portugal

The investment amount ranges from €350,000 to €500,000 (Dh1.5m to Dh2.16m) in real estate. From the date of purchase, it will take a maximum of six months to receive a Golden Visa. Applicants can apply for permanent residency after five years and Portuguese citizenship after six years.

“Among European countries with residency programmes, Portugal has been the most popular because it offers the most cost-effective programme to eventually acquire citizenship of the European Union without ever residing in Portugal,” states Veronica Cotdemiey of Citizenship Invest.

Greece

The real estate investment threshold to acquire residency for Greece is €250,000, making it the cheapest real estate residency visa scheme in Europe. You can apply for residency in four months and citizenship after seven years.

Spain

The real estate investment threshold to acquire residency for Spain is €500,000. You can apply for permanent residency after five years and citizenship after 10 years. It is not necessary to live in Spain to retain and renew the residency visa permit.

Cyprus

Cyprus offers the quickest route to citizenship of a European country in only six months. An investment of €2m in real estate is required, making it the highest priced programme in Europe.

Malta

The Malta citizenship by investment programme is lengthy and investors are required to contribute sums as donations to the Maltese government. The applicant must either contribute at least €650,000 to the National Development & Social Fund. Spouses and children are required to contribute €25,000; unmarried children between 18 and 25 and dependent parents must contribute €50,000 each.

The second step is to make an investment in property of at least €350,000 or enter a property rental contract for at least €16,000 per annum for five years. The third step is to invest at least €150,000 in bonds or shares approved by the Maltese government to be kept for at least five years.

Candidates must commit to a minimum physical presence in Malta before citizenship is granted. While you get residency in two months, you can apply for citizenship after a year.

Egypt 

A one-year residency permit can be bought if you purchase property in Egypt worth $100,000. A three-year residency is available for those who invest $200,000 in property, and five years for those who purchase property worth $400,000.

Source: Citizenship Invest and Aqua Properties

Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

Pathaan
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AUSTRALIA SQUAD

Tim Paine (captain), Sean Abbott, Pat Cummins, Cameron Green, Marcus Harris, Josh Hazlewood, Travis Head, Moises Henriques, Marnus Labuschagne, Nathan Lyon, Michael Neser, James Pattinson, Will Pucovski, Steve Smith, Mitchell Starc, Mitchell Swepson, Matthew Wade, David Warner

Founders: Abdulmajeed Alsukhan, Turki Bin Zarah and Abdulmohsen Albabtain.

Based: Riyadh

Offices: UAE, Vietnam and Germany

Founded: September, 2020

Number of employees: 70

Sector: FinTech, online payment solutions

Funding to date: $116m in two funding rounds  

Investors: Checkout.com, Impact46, Vision Ventures, Wealth Well, Seedra, Khwarizmi, Hala Ventures, Nama Ventures and family offices

Springsteen: Deliver Me from Nowhere

Director: Scott Cooper

Starring: Jeremy Allen White, Odessa Young, Jeremy Strong

Rating: 4/5

The biog

Age: 59

From: Giza Governorate, Egypt

Family: A daughter, two sons and wife

Favourite tree: Ghaf

Runner up favourite tree: Frankincense 

Favourite place on Sir Bani Yas Island: “I love all of Sir Bani Yas. Every spot of Sir Bani Yas, I love it.”

Expert advice

“Join in with a group like Cycle Safe Dubai or TrainYAS, where you’ll meet like-minded people and always have support on hand.”

Stewart Howison, co-founder of Cycle Safe Dubai and owner of Revolution Cycles

“When you sweat a lot, you lose a lot of salt and other electrolytes from your body. If your electrolytes drop enough, you will be at risk of cramping. To prevent salt deficiency, simply add an electrolyte mix to your water.”

Cornelia Gloor, head of RAK Hospital’s Rehabilitation and Physiotherapy Centre 

“Don’t make the mistake of thinking you can ride as fast or as far during the summer as you do in cooler weather. The heat will make you expend more energy to maintain a speed that might normally be comfortable, so pace yourself when riding during the hotter parts of the day.”

Chandrashekar Nandi, physiotherapist at Burjeel Hospital in Dubai
 

Labour dispute

The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

Updated: April 02, 2022, 10:37 AM