Tue 3 Nov 2026
FTSE 100 10,712.01 +0.24%Microsoft 507.12 -4.78%NVIDIA 202.06 -6.45%Apple 338.32 -1.63%Google 278.04 -11.51%S&P 500 7,541.40 -1.76%Nasdaq 25,164.36 -3.84%Dow 51,983.98 -0.72%Russell 2000 2,805.88 +0.70%US 10Y Treasury 4.92% -2.54%Euro Stoxx 50 6,187.30 +0.32%DAX 25,978.71 +1.52%AEX-Index 1,127.29 -0.73%Nikkei 225 63,081.86 -0.29%Hang Seng 23,525.97 +2.10%Gold $3,975.30 -1.39%Silver $50.41 -3.42%Brent Crude Oil $101.73 -11.45%Natural Gas $2.90 -1.93%Copper $6.44 -2.09%GBP/USD 1.3420 +0.86%GBP/EUR 1.1984 +0.23%GBP/AUD 1.9193 +1.42%Bitcoin (USD) $77,291 +0.12%Ethereum (USD) $2,284 +1.90%FTSE 100 10,712.01 +0.24%Microsoft 507.12 -4.78%NVIDIA 202.06 -6.45%Apple 338.32 -1.63%Google 278.04 -11.51%S&P 500 7,541.40 -1.76%Nasdaq 25,164.36 -3.84%Dow 51,983.98 -0.72%Russell 2000 2,805.88 +0.70%US 10Y Treasury 4.92% -2.54%Euro Stoxx 50 6,187.30 +0.32%DAX 25,978.71 +1.52%AEX-Index 1,127.29 -0.73%Nikkei 225 63,081.86 -0.29%Hang Seng 23,525.97 +2.10%Gold $3,975.30 -1.39%Silver $50.41 -3.42%Brent Crude Oil $101.73 -11.45%Natural Gas $2.90 -1.93%Copper $6.44 -2.09%GBP/USD 1.3420 +0.86%GBP/EUR 1.1984 +0.23%GBP/AUD 1.9193 +1.42%Bitcoin (USD) $77,291 +0.12%Ethereum (USD) $2,284 +1.90%
Markets
Advertisement
Follow News in 60 on Facebook
UK Weather
London 11°C Patchy rain nearbyBirmingham 10°C Patchy rain nearbyManchester 11°C Patchy rain nearbyNewcastle 10°C Patchy rain nearbyBristol 10°C Patchy rain nearbyPembroke 11°C Patchy rain nearbyEdinburgh 10°C Patchy rain nearbyBelfast 11°C Patchy rain nearbyInverness 10°C SunnyPenzance 12°C Patchy rain nearbyHolyhead 11°C Patchy rain nearbyNorwich 12°C Patchy rain nearby
More Info

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

Advertisement
Follow News in 60 on Facebook

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

Read more Money news →

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

Leave a comment

Your email address will not be published. Required fields are marked *