Is the UK facing a gas storage crisis?
With less than five days' worth of natural gas in storage, the UK is facing the prospect of a severe gas shortage and possible interruptions to supply, according to Greg Clark, shadow energy and climate change secretary, in a press release last month.
"Our gas stores today are more than a third below the volumes held in March 2006 and it is reduced demand due to the recession that has prevented this situation from becoming an emergency," Clark said.
There is a genuine concern about the adequacy
More on Gas/LNG
Energy Risk at 30: Learning from the past
Energy Risk looks back at the seminal events and developments that have shaped today’s energy markets
Natural gas/LNG house of the year: ENGIE
Energy Risk Awards 2025: Energy firm signs a string of innovative deals in established and fledgling gas markets
Natural gas/LNG house of the year: ENGIE
ENGIE continues to expand its services to better serve firms in Apac dealing with the challenges of energy risk management and supply
Market shrugs off EC’s plan to change gas benchmark
Dutch TTF prices unmoved, as market participants say they are “not taking it seriously”
Natural gas/LNG house of the year: Engie
Energy Risk Awards 2021: In a volatile market Engie continued to grow its gas and asset management businesses
Dynamic gas models make for better hedges
Study highlights dwindling role of weather in market
Short term, LNG view
Excitement over fast-growing LNG markets shouldn't blind us to the potential risks