Gas Storage Levels

Lord Offord of Garvel Excerpts
Tuesday 14th January 2025

(1 day, 12 hours ago)

Lords Chamber
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Lord Offord of Garvel Portrait Lord Offord of Garvel (Con)
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My Lords, last week, Centrica commented on Britain’s storage levels as being “concerningly low”. We know that the UK’s gas supply is pretty tiny in comparison to the rest of Europe, but the Government’s position seems to be that there is no problem and no threat to our gas supply because we can simply import LNG to bridge the gap. The industry is saying that, looking forward to 2030, up to 80% of our gas will come from costly imports. Surely we should be supporting our own oil and gas industry in Britain, rather than shutting it down in favour of imports from abroad.