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Britain is at much higher risk because unlike Germany and several other countries on the continent it has virtually no gas storage capacity. Here in Germany we
by Barrin92 4y ago
Britain is at much higher risk because unlike Germany and several other countries on the continent it has virtually no gas storage capacity. Here in Germany we have at least two full months of reserves. Despite Britain's size it has only 1% of the storage capacity that the continent has, even the Dutch storage capacity is nine times higher. One of the reasons? Britain closed one of its largest domestic storage facilities in 2017 for budget reasons. (750 million over ten years)
Obviously the war plays an important role but Tory economic philosophy is well at work here as well, just like in any other public sector.
https://www.theguardian.com/business/2021/sep/24/how-uk-energy-policies-have-left-britain-exposed-to-winter-gas-price-hikes https://www.theguardian.com/business/2021/sep/24/how-uk-ener...
- sgt101 4y agoThe reason for this though is that we do have a marine gas terminal infrastructure... unlike Germany.
- rowanajmarshall 4y agoThe UK also has large percentage of Europe's LNG ports. The "storage" is in the form of LNG tankers constantly docking and unloading here.