Britain is heading towards significantly greater dependence on imported gas as declining North Sea production outpaces reductions in domestic demand, increasing exposure to global LNG prices and overseas suppliers.
US gas shipped to UK now cheaper than new North Sea supplies
Producing new North Sea gas now costs around 50% more than importing liquefied natural gas from the United States, according to energy analysts, raising fresh questions over the impact of
Unexploited gas fields could supply UK for decades, but exploration ban remains
Britain’s vast reserves of offshore natural gas risk remaining unexploited indefinitely, locked beneath the North Sea by a combination of punitive taxation and governmental exploration bans. The Glendronach gas field,