Britain is expected to rely more on gas imports this winter. Despite a recent rise in domestic supply, global market tightness leaves the UK exposed to price spikes. The national gas transmission operator said North Sea output is forecast to fall about 5% in the current heating season; North Sea supplies account for roughly one-third of UK winter gas demand. LNG imports are expected to rise about 5% to cover the shortfall, while Norwegian pipeline flows are forecast to increase about 1%. The ope

Britain is expected to rely more on gas imports this winter. Despite a recent rise in domestic supply, global market tightness leaves the UK exposed to price spikes. The national gas transmission operator said North Sea output is forecast to fall about 5% in the current heating season; North Sea supplies account for roughly one-third of UK winter gas demand. LNG imports are expected to rise about 5% to cover the shortfall, while Norwegian pipeline flows are forecast to increase about 1%. The operator said even under extreme stress scenarios the UK would have "adequate gas supply capacity", but warned that "strong European LNG demand could intensify competition for cargoes and push up prices." UK gas futures have nearly tripled year-to-date, trading at the highest levels since 2022.