‘We Just Don’t Know’ How High Gas Prices Will Go as Iran War Continues Warns Utilita Chair

Mar 9, 2026 | “It's going to be a white knuckle ride”

Utilita chair Derek Lickorish MBE tells Times Radio “we just don’t know” how high gas prices will go as long as the war in the Middle East continues.


WIKIPEDIA: Utilita Energy »

Gas Price Hike of More Than 30% Stokes Home Bills Fears for Europe

THE GUARDIAN: Rise comes amid ongoing concern about intentions of Russia as supplies flow east for 15th day in row

European gas prices have risen by more than 30% on Tuesday, adding to mounting concerns about the cost of heating a home, as supplies that usually come into Europe from Siberia continued to flow eastwards for the 15th day in a row.

The Kremlin has repeatedly denied using Russia’s vast gas resources to turn the screw on Europe, after gas coming through the Yamal-Europe pipeline reversed direction three days before Christmas.

Data from the Mallnow metering point on the German-Polish border on Tuesday showed that the eastwards flow of gas has increased, with volumes hitting almost 9.9m kilowatt hours an hour (kWh/h), up from 5.8m previously.

Eastbound volumes via the Yamal-Europe pipeline hit almost 9.9m kWh/h at the Mallnow metering point on the German-Polish border on Tuesday morning, the data showed, up from 5.8m previously. » | Rob Davies | Tuesday, January 4, 2022