Quote:
Originally Posted by mrmistoffelees
We still seem to be managing to export most of our gas to continental Europe at the moment….. not for storage but for sale. Which means when we need to buy gas it will be when it is at its most expensive pushing prices even further. If only we had a way to store it. Oh wait that was mothballed
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The overall level of demand would still go up come wintertime, along with prices. To some extent we are not exporting gas as such, we are merely moving it through pipelines, from our 3 LNG terminals. Germany has no LNG terminals, so has to get LNG supply using terminals in other countries and their pipelines.
The UK gas production is less than half of what we consume, so we will always be reliant on non-UK supplies.
Germany has a large gas storage capacity, and still had higher gas prices.