UK winter gas supply 2022

  • Power and gas networks

    Another winter of discontent? What happens to the UK this winter, and next, if the gas taps from Russia stay turned off?

    Substantial reductions in Russian gas supply to Europe and increased global competition for LNG cargoes have resulted in substantially elevated gas prices for the UK this winter (2022-23) compared to the historical norm. Our forecasts indicate that this could not be a single winter problem, with tight supply and high...