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Ministers are waking up to Britain’s gas supply risks. It’s time for decisions

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As the UK transitions to greener energy, the reliance on gas remains significant, with 24 million households connected for heating. Despite declining overall consumption, peak demand during winter months can still be substantial, raising concerns about future supply stability.

Ministers are now acknowledging the risks associated with dwindling North Sea gas production and inadequate storage capacity. A recent report highlighted the potential for supply shortages by the 2030s, particularly if key infrastructure fails during peak demand periods. This has prompted calls for decisive government action to secure gas supply chains.

The urgency is compounded by the upcoming winter, with current gas storage levels lower than usual. The government has yet to outline a clear plan for immediate measures to address these challenges, leaving households and industries vulnerable to potential shortages.

Additionally, the report has implications for the approval of new gas fields, such as the Jackdaw project, which could help mitigate supply issues. As the government weighs its options, the need for swift decisions is critical to ensure energy security in the coming years.

Source: The Guardian

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News Category: Money Tags: energy, gas, policy, supply, winter

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