UK Gas Output Stagnation Threatens Supply

The UK’s natural gas industry is struggling to boost production, and this will likely make the country more reliant on imports, industry association Offshore Energies UK said this week, as quoted by Bloomberg. Without fresh investment in new gas production, the body, formerly known as Oil and Gas UK, by 2030, the country would rely on imports for between 70 and 80 percent of its gas consumption. The body warned that this year’s gas production in the UK would be little changed from last year, while demand was set to grow more markedly.…