UK gas storage capacity relative to demand is extremely vulnerable
Apparently people are now waking up to the fact that being quite dependent on LNG shipped from Qatar though the Straits of Hormuz isn’t the optimum position for UK energy security.
Well who’da thunk it?
As David Sheppard reports in the FT here, the UK has very little gas storage capacity relative to its aggregate demand and is extremely vulnerable to factors well beyond its control. Increased demand from Asia perhaps, or disruption due to Iranian aggression against gas tankers.
If we have no gas, we have no gas fired electricity.
If you’d like to explore how your business could mitigate some of this risk, contact us here…