Quote:
Originally Posted by nomadking
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.
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Of course you’re right that demand would go up, however the U.K. has 0 long term storage gas we’re producing now is not being stored but is being sold. Meaning when demand does as you say inevitably increase we’re forced to pay an higher price