Gas prices ‘may spark recession’

A Qatar firm that is to supply a fifth of Britain’s future gas warns high prices could spark a global recession.

Gas prices are at record levels with global demand for energy boosted by economic growth in China and India.
Faisal al-Suwaidi, head of Qatargas, warned the high prices could spark a recession in the developed world.

Qatargas is to supply up to 20% of Britain’s gas starting in 2007 at the earliest, with the fuel arriving in liquid form.