4/14, 11:49 AM (Source: TeleTrader)
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National Grid: UK to have enough gas until September

The United Kingdom will have enough gas supplies to meet consumer demand through September, according to an annual report published by energy provider National Grid. The UK will need around 34 billion cubic meters of gas this summer, around 2 billion more compared to the previous year, with the majority of the supply coming from Norway and the North Sea.

Unlike the European Union, which imports around 40% of its gas from Russia, London receives only around 3% of its needs for gas from Moscow. "This uncertainty, coupled with high gas prices and low EU storage, means that higher volumes of gas from alternative sources may be required to refill EU storage to minimum levels in preparation for winter 2022/23," the report concluded.

Baha Breaking News (BBN) / ND