Related Articles
Forward article link
Share PDF with colleagues

Panic over UK gas supplies is unnecessary

The panic over dwindling fuel supplies and possible rationing is just that. The lights are going to stay on for a long time yet

This week, the UK media was full of warnings that the country was running out of gas; that supplies were dwindling; that gas storage levels were dangerously low; even that the country faced gas rationing.This article claimed that with gas storage levels hovering at 10%, compared with 50% at the same time last year, UK energy security was at risk.Is all of this true? Well, yes and no. Cold weather boosts gas demand. That's a fact. But is the UK about to run out of gas? No. A lot of the panic in the press was just that. A quick look at the facts, and a bit of data crunching, shows that the country wasn’t facing a gas crisis at all. Low natural gas stocks have more to do with the UK government

Also in this section
Serica sanguine on Iran sanctions
13 July 2018
The firm's historic links to Iran are in the spotlight as US sanctions resume
The return of cautious optimism in the North Sea
13 July 2018
The UK’s North Sea hub, braced for production declines, has received a boost from new investments and revived interest from the supermajors
China loans make Venezuela’s outlook more precarious
12 July 2018
Patience is wearing thin among both China and other trading partners