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Free AccessBritain Has Enough Gas for Summer: National Gas Transmission
Britain has enough gas for summer demand and is expected to sustain flows to Europe according to National Gas Transmission on Tuesday. Britain is expected to meet a target of 90% full storage by November.
- Total UK gas demand was forecast at 33.25bcm this summer versus 42.08bcm in summer 2022 according to its annual summer outlook.
- UK exports to the rest of Europe is expected at 5.5bcm, down from 12.16bcm last summer.
- Supply, mainly from the North Sea and Norway, was forecast to be 33.25bcm compared to 42.2bcm last year.
- LNG imports would be lower this year after last year seeing a 40% rise in LNG imports than a previous peak in 2016.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.