U.K. Sees Flat Winter Gas Use Amid Minimal Ukraine Risk – Bloomberg.
U.K. natural gas demand this winter will be little changed from last year and Britain will be able to withstand a potential cut in Russian supply to Europe, according to National Grid Plc.
Gas use in the six-month period from October will be unchanged from last year on a weather-corrected basis and 1.9 percent more than actual use, the Warwick, England-based network manager said today in its Winter Outlook. Increased liquefied natural gas imports would be able to meet normal winter demand should Russian flows to the European Union be disrupted.
“Under all curtailment scenarios we have sufficient transmission network capacity” in case Russian supplies are limited, the report said. “However, it is likely that we could require increased deliveries of LNG.”
Russia, the EU’s biggest single source of gas, halted supplies to Ukraine in June in a debt and price dispute that echoed those of 2006 and 2009, when transit flows to the region were disrupted. While the U.K. doesn’t directly receive Russian gas, an escalation of the conflict that impacts supply to the region would affect flows across Europe, the grid said.
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