UK to import more LNG this winter
According to the National Grid’s annual winter outlook gas demand is set to rise by 3.8% this winter. Such an increase will force us to import more liquefied natural gas (LNG) by ship from the US.
Despite the need to import more LNG from overseas, power network operators calmed fears that there would not be a repeat of last year. Even in the event of a rough winter there would be more than enough capacity thanks to the increased capacity at Britain’s Isle of Grain LNG terminal and the British-Dutch BBL gas pipeline.
National Grid’s forecast predicted that utilities will favour gas-fired plants for energy generation in October and November and from December onwards coal plants.
Ofgem, the energy regulator, cautioned that changes in global energy prices and demand levels in Europe have a significant, unpredictable influence on the situation, which could create a well known phenomenon of fluctuating gas prices.
A spokesman said: “Ofgem’s position is that the energy industry must maintain its vigilance and take every step to prepare for this winter to ensure supplies for consumers.”
On the other hand the report stated the Britain has more than enough power generation to supply demand this coming winter. Predictions are that peak electricity demand for an average winter cold spell would be 57.7 gigawatts (GW), below 57.8 GW last year while power generation availability was forecast to be 66.3 GW.
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