UK Gas Supply Six Hours From Running Out in March

Britain came within six hours of running out of natural gas in March, according to a senior energy official, highlighting the risk of supply shortages amid declining domestic production and a growing reliance on imports.

We really only had six hours‘ worth of gas left in storage as a buffer,” said Rob Hastings, director of energy and infrastructure at the Crown Estate, the property portfolio managed on behalf of the Queen. “If it had run any lower it would have meant … interruptions to supply.”

British wholesale gas prices surged to a record in late March, after a technical fault temporarily shut down one of the main import pipelines. The disruption coincided with a period of low gas storage levels as persistent wintry weather drove up demand for gas.

Full article: UK Gas Supply Six Hours From Running Out in March (CNBC)

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