HANDS-OFF APPROACH IN UK MEANS NEW GAS STORAGE INVESTMENT IS UNLIKELY
January 1st, 2014
BY ROBERT STOKES THE UNITED Kingdom imports more than 50% of its demand for natural gas and this will exceed 85% by 2030 according to National Grid, which owns and operates Britain’s high pressure National Transmission System (NTS) for gas.Increasing dependence on piped supplies from Norway and through interconnectors from continental Europe as well as imports of liquefied natural gas (LNG) are raising questions about the security of both supply and pricesAs older nuclear plants and coal fired power stations close, the fact that large scale renewables take ...
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