U.K. Needs Europe More Than Ever to Look After Its Natural Gas

The U.K. is becoming more dependent than ever on the European Union to look after its natural gas, even as it negotiates its exit from the bloc.

Our Energy Risk Manager Dorian Lucas gives his view to Bloomberg – A key driver in such strong exports from the U.K. via the Interconnector has undoubtedly been the large year-on-year reduction in storage injections as a result of Rough storage’s closure,” said Dorian Lucas, an energy risk manager at Inspired Energy Plc in Preston, England. “This increase in IUK exports likely represents a step change toward the new norm, with the U.K. using interconnector exports increasingly as a way to manage oversupply.”

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