Growth of the global LNG market has obliterated the business case for national gas storage, leaving the UK vulnerable to price shocks and supply shortages, argues ECIU’s Jonathan Marshall. The events of last week will likely be referred to for years. Warnings that ‘the gas is running out’ has ignited a fire under groups calling for greater energy efficiency, beneath the fracking lobby and across UK heavy industry that relies on a secure supply of energy. But how did we end up in this state? For years the UK was awash with gas – piping it out of the North Sea and saving enough during the summer to satiate even the highest winter demand.
Business Green 6th March 2018 read more »