Insight by Sarah Boumphrey

UK Energy Crunch Looms Larger

by June 6th, 2013

It was reported that in March the UK came within six hours of running out of natural gas; the shortage was due to a combination of unseasonal weather, which led to increased demand, and a fault in an import pipeline. This news highlights the dangers the UK faces with its impending energy crunch and has resonance across other energy importers globally. Energy shortages and issues around the security of supply all have a major impact on business, households and the economy as a whole.