British Business Secretary Kwasi Kwarteng held an emergency meeting with the chief executives of the country's large energy suppliers and operators on Saturday in an attempt to deal with soaring energy prices and natural gas shortages.

Kwarteng held talks with companies such as Ofgem, Centrica PLC, SSE, Electricite de France SA (EDF) and Scottish Power, according to a person familiar with the matter.

The natural gas market is crucial to the UK's energy supply and has a significant impact on heating, industry and power generation. As prices rise, the government has been working closely with regulators and gas supply operators to monitor supply and demand.

Kwarteng is on Twitter on Saturday.The UK has a variety of sources of natural gas supply, has enough capacity to meet demand, and is not expected to have a supply emergency this winter, it said.

Europe's unprecedented energy crisis has been brewing for years, and as investment in fossil fuels falls, Europe is increasingly dependent on intermittent energy sources such as wind and photovoltaic. As the economy recovers from the epidemic blockade, global demand for natural gas increases, coupled with a decline in natural gas reserves after the cold winter of last year, which also puts upward pressure on prices.