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Britain Has Enough Gas for Summer: National Gas Transmission

NATURAL GAS

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.
Energy BulletsCommoditiesUKBank Of England (BOE) Market News
Energy BulletsCommoditiesUKBank Of England (BOE) Market News

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