Britain considers government intervention as gas crisis roils energy firms

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The Point of Ayr Gas Terminal in Talacre, Wales, on September 20, 2021.Christopher Furlong | Getty ImagesThe British government is considering bailout loans to help steer energy suppliers through the ongoing gas pricing crisis.U.K. Business Minister Kwasi Kwarteng told Sky News on Tuesday that "a lot of options" were currently being considered, including potential state-backed loans. However, he suggested not every energy supplier would be eligible to benefit from such a scheme."Every year between five and eight companies exit the market and I don't want to prop up failing companies, I don't want there to be a reward for failure," he said. "I don't think we should be throwing taxpayers' money at companies which, let's face it, have been badly run."Fears that some of Britain's energy suppliers may struggle to stay afloat have been rising in recent weeks, as wholesale gas prices continue to rise to unprecedented levels across Europe.The October gas price at the Dutch TTF hub, a
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