Liquefied Natural Gas: Shortages

(asked on 25th October 2021) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, what recent assessment he has made of potential shortages of liquefied gas over winter 2021-22; and what discussions he has had with suppliers, retailers and industrial users on those potential shortages.


Answered by
Greg Hands Portrait
Greg Hands
Minister of State (Department for Business and Trade)
This question was answered on 2nd November 2021

The Government remains confident that Great Britain’s energy security will be maintained thanks to the diversity of our supply sources and the existing market mechanism.

The Government works closely with Ofgem, National Grid Gas and other key industry organisations to monitor gas supply and demand. LNG trade flows are determined by commercial agreements between buyers and sellers and price signals. Great Britain has one of the largest LNG import infrastructures in Europe and the GB gas market is one of the most liquid in the world, providing security through diversity of supply. National Grid’s Gas Winter Outlook, which models supply and demand for upcoming winter, notes in its security of supply test that the supply margin is expected to be more than sufficient.

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