UK to Have Enough Gas Next Winter: Energy Secretary

The UK will have enough energy next winter as it saves gas and electricity and has more LNG coming in than in previous years according to the UK’s Business and Energy Secretary Grant Shapps.

• “The question’s not — as people were saying at the beginning — will the lights go out?” but rather “what will the cost be? The market will solve it,” Shapps said.
• Milder weather at the start of this winter and continued LNG flows to the UK and Europe have helped ease the energy crisis and have brought down UK wholesale natural gas prices by some 70% since their peak in August last year.
• The UK is turning to its LNG import capacity to weather the energy crisis because of limited gas storage capacity.