It gets worse.
The UK has only 1.5 billion cubic meters of natural gas storage.
That's 2% of its annual consumption.
The UK produced just 43% of its own gas last year, down from 99% in 2004.
The rest? Has to be bought. From abroad. By selling pounds. £15-50B/yr going forward.
The UK has only 1.5 billion cubic meters of natural gas storage.
That's 2% of its annual consumption.
The UK produced just 43% of its own gas last year, down from 99% in 2004.
The rest? Has to be bought. From abroad. By selling pounds. £15-50B/yr going forward.
Whipped up this lil chart to show you how the UK played itself.
In a catastrophic blunder, during the brief period of gas self-sufficiency, UK invented "electricity markets" that "chose" to build gas turbines, then failed to build nuclear plants as domestic gas supplies crashed.
In a catastrophic blunder, during the brief period of gas self-sufficiency, UK invented "electricity markets" that "chose" to build gas turbines, then failed to build nuclear plants as domestic gas supplies crashed.
Common confusion! No, the UK will not be turning its coal plants back on.
You're thinking of Germany, which kept the vast majority of its coal plants.
The UK sent top ministers out to blow theirs up on live TV.
You're thinking of Germany, which kept the vast majority of its coal plants.
The UK sent top ministers out to blow theirs up on live TV.
Unfortunately I'm going to have to pull this bad boy out of cold storage. Putin accelerated the UK timeline but didn't change the endpoint.
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