The government has drawn up plans to take over the funding of the UK operation of the Russian energy giant Gazprom, should the state-backed supplier collapse as customers cut supply contracts due to the invasion of Ukraine.
Officials have drawn up contingency plans to implement a financial lifeline for the business energy supplier, which has contracts in place with about two-thirds of the UK’s heaviest gas users, in the event that Gazprom Energy enters administration in the next few weeks.
