“We have seen the market and the price going down.

    So, we’re in a big change of direction,” he said.

    “This is a big opportunity.”

    “We’re looking for the lowest possible price.”

    Gas prices across Europe have also plunged.

    Gas prices in Germany, Austria and Austria-Hungary have fallen more than 50 per cent in the last three months.

    “We want to be part of the solution to this,” said Mark Weldon, the director of the European Centre for Climate and Energy Technology at the University of Exeter.

    Mr Weldon said the EU should take a similar approach to gas prices, and that there should be no tariffs on new gas infrastructure. “

    If it’s 50 per 100, then that’s very good.”

    Mr Weldon said the EU should take a similar approach to gas prices, and that there should be no tariffs on new gas infrastructure.

    “Europe needs to create a new market for natural fuel and, therefore, for energy supplies,” he added.

    But the UK government, which is set to set out its energy policy in June, is likely to face pressure to act quickly on the price.

    The government’s plans to introduce new fuel-efficient cars and power stations are due to be announced in the autumn.

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