United Kingdom plans to increase gas supply to the European Union – BOL News
Category: European Union
Britain will have enough gas to meet demand, and will even ship additional gas to Europe due to low storage levels there.
When underground storage facilities begin to fill up ahead of winter, National Grid expects gas exports to the EU to increasefrom April to September.
Interconnectors allow Britain to export gas to Europe, and National Grid forecasts UK average shipments to Europe to reach 5.4 billion cubic metres this summer, up from 0.7 billion cubic metres last summer.
This summer, liquefied natural gas (LNG) will be more crucial than ever, according to the grid operator. It anticipates LNG supply to average 6.4 billion cubic metres this summer, up from 5.1 billion cubic metres last year.
The United Kingdom imports only about 3% of its gas from Russia, while the European Union imports nearly all of itswhile the European Union relies on Russia for around 40% of its needs. Several European countries have said they are reducing reliance on Russian gas in the wake of the war in Ukraine.
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United Kingdom plans to increase gas supply to the European Union - BOL News
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