Gas shortage latest – Meat, beer and fizzy drinks 'just DAYS away from disappearing from shops' amid panic buying fears

A MEAT, beer and fizzy drink shortage could hit within days due to the CO2 shortage and rising gas prices.

And supermarket boss has already warned food shortages caused by a lack of the gas could hit this week.

There were fears CO2 shortages would hit Christmas supplies but the boss of Iceland has warned it could hit much sooner. 

Iceland’s managing director, Richard Walker,  told Radio 4: “This is no longer about whether or not Christmas will be okay, it’s about keeping the wheels turning and the lights on so we can actually get to Christmas.”

Read our gas shortage live blog for the very latest updates…

  • Milica Cosic

    UK POULTRY PRODUCERS TAKE EMERGENCY MEASURES AS GAS SHORTAGE INTENSIFIES

    Emergency measures by UK poultry producers have started to be taken to conserve the carbon dioxide used to stun birds for slaughter .

    There is a shortage of the gase, and it not only poses a grave threat to the meat supply industry but also Britain’s soft drinks manufacturers.

    Manufacturers of soft drink reportedly only have days left of the carbon dioxide.

  • Milica Cosic

    HIGHER BILLS

    Industry group Oil & Gas UK has said wholesale prices for gas had increased by 250% since January – with a 70% rise since August.

    The increase has been blamed on several factors, including a cold winter which left stocks lower than usual, high demand for liquefied natural gas from Asia, and lower supplies from other countries.

  • Milica Cosic

    PRODUCTS AFFECTED BY THE GAS SHORTAGE

    Gas is fundamental to producing and transporting bread, meat, beer, fizzy drinks to supermarkets.

    British Meat Processors Association boss Nick Allen warned that meat producers have two weeks before CO2 stocks run out – bringing the industry to a halt.

  • Milica Cosic

    WHAT CAUSED THE GAS SHORTAGE?

    Some are pointing to the prolonged 2020-2021 winter that drained natural gas stocks, which weren't replenished during the summer months, when demand is low.

    Others say low solar and wind output caused by a run in less windy weather and the phasing out of coal-powered plants in recent years has dented supply to the grid and forced natural gas prices to accelerate uncontrollably.

    Another theory is that Russia is sending less gas to Europe as exports this year dropped to around one-fifth of pre-pandemic levels, according to i news.

    Some believe Moscow is curbing its foreign supply to fill its own tanks while others say Russia is trying to pressure EU governments into approving its controversial Nord Stream 2 gas pipeline.

  • Milica Cosic

    WHY IS THERE A GAS SHORTAGE?

    Business Secretary Kwasi Kwarteng held talks with energy suppliers at the weekend and is planning an emergency summit with gas industry heads on Tuesday, September 20, 2021, o discuss how to curtail spiralling gas prices.

    It comes as Industry group Oil & Gas UK said wholesale prices for gas are up 250 percent since January, according to a BBC report.

    Bulb, the UK's sixth-largest power company with 1.7 million customers has also sought a bailout from the government.

    No 10 is considering emergency state-backed loans to help firms weather the recent dramatic surge in prices while smaller suppliers face collapse.

    On Sunday, COP26 President Alok Sharma told the BBC's Andrew Marr show: "We do not see risks of supplies right now and prices are being protected.

    "We have the energy price cap, we have the warm homes discount, to protect people at this particular time."

    Source: Read Full Article